On July 2, TSMC rose 3.04% in regular trading, trading at $458.85/share with turnover of $1.172 billion, rebounding sharply from the prior session's semiconductor selloff.
On the news front, U.S. President Trump stated that TSMC is doubling the scale of its wafer fabs under construction in Arizona, with new facilities expected to come online within the next year. Trump indicated this expansion would help raise U.S. chip market share to 50% by the end of his term. TSMC declined to comment on the remarks.
The recovery also follows a wave of bullish analyst actions. Nomura raised its target price to NT$3,425, citing an approaching epic supply chain mismatch in advanced packaging and components. Earlier, Morgan Stanley lifted its target 12% to NT$2,888 on improved revenue and pricing outlook, while UBS raised its target to NT$3,400, projecting a new pricing cycle in early next year. TSMC previously notified customers of a 5%-10% price increase across all advanced nodes at 7nm and below, with 5/4nm capacity fully loaded through year-end. The company is scheduled to report Q2 earnings on July 16, with consensus EPS estimates at approximately $3.80.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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