The Influencing Factors For A
Semiconductor TSM Trade…..
Morgan Stanley analyst Charlie Chan upgraded Taiwan
Semiconductor TSM to Overweight from Equal Weight with a NT$780 price target.
His initial rating was in anticipation of the
semi-downcycle that is now unfolding.
While recognizing short-term challenges, several
factors have prompted him to look beyond the current correction to what he sees
as "a very positive longer-term outlook."
E.U. Open For
The European Union announced a blueprint on Tuesday to
make one-fifth of the world's microchips, saying it was "open for
business" to semiconductor giants from Taiwan and other industry leaders.
The European Chips Act provides at least €42 billion
(US$48 billion) by 2030 in public and private sector capital behind an
ambitious plan to effectively double the bloc's chip production, to 20 per cent
of the global supply of semiconductors, the tiny processing units that will
power the industries of the future.
Currently, the bloc produces 10 per cent of the
world's supply, few of which are considered to be cutting-edge.
Margrethe Vestager, the EU's competition tsar, said
that the bloc is already in talks with Taiwan Semiconductor TSM, a market
know that some of the discussions taking place that include Taiwan
Semiconductor TSM of Taiwan. And now let's see if those projects, they
materialise as well. Europe is open for business, also for Taiwan Semiconductor
TSM," Vestager said, adding that the companies in the
United States, Japan, South Korea and Singapore were "like-minded
partners" the EU would work with.
The Taiwan government is in talks with its Lithuanian
counterparts about building a manufacturing facility there, a senior diplomat
said - part of a blossoming relationship that has angered China.
at the government level, we are only helping Lithuania. I think this is the
first case but we would like to provide assistance for other European
countries," Eric Huang, head of the Taiwanese Representative
Office in Vilnius, told the South China Morning Post.
Huang said that Taipei has formed an "expert
group" to examine the "most feasible way" to help develop a tech
ecosystem in Lithuania, and subsequently Europe.
is something that we would like to do intelligently because we want it to be a
successful case. After the study of our expert groups we are going to
understand which are the most feasible sectors for Lithuania to develop is
semiconductor industry," Huang said.
Brussels, too, has been keen to draw on Taiwan's
expertise in the sector, although it faces a challenge in managing the
geopolitical fallout with China.
Late last year it shelved plans to upgrade its trade
ties with Taiwan, for fear of further angering China.
Semiconductor TSM Report.....
reported its fourth-quarter earnings before the U.S. markets opened on Thursday, December 13, 2022, before
the market opened, and they
were good: TSMC earned $1.15 per share on $15.74 billion in revenue, up 6.4%
and 5.7%, respectively, from the third quarter -- and both above Wall Street's
company's sales in that quarter rose across the board, with increased demand
for chips for smartphones, high-performance computing, internet of things,
e-vehicles and various consumer electronics.
fourth quarter, shipments of 5-nanometer chips accounted for 23% of total wafer
revenue. Meanwhile, 7-nanometer chips accounted for 27% of wafer revenue.
Manufacturers measure circuit widths on chips in nanometers, or one-billionth
of a meter.
chips accounted for 44% of Taiwan Semi's revenue in the December quarter.
High-performance computing chips made up 37% of revenue in the period.