Booming demand for AI products has led Bernstein to raise their share price targets for the Taiwan Semiconductor Manufacturing Company (TSMC). According to Bernstein, who raised TSMC’s share price target to $200 from $150, TSMC is facing strong demand for its N3 semiconductor technology. Coupled with strong demand for smartphone processors and a growth in packaging capacity should enable TSMC to grow its revenue next year and outpace estimates for the third quarter believes the firm. The price upgrade follows multiple reports from Taiwanese supply chain sources, which have claimed that TSMC is increasing its packaging and leading edge process […]
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