Taiwan Semiconductor (TSMC) (2330) Earnings: March Sales Surge by 34% Year on Year, Forecasts Promising First Quarter Earnings

Taiwan Semiconductor (TSMC) on Smartkarma

Analysts on Smartkarma are bullish on Taiwan Semiconductor (TSMC) following recent developments. William Keating‘s report highlights TSMC securing $6.6 billion in US CHIPS Act funding and committing to building a third fab in Arizona by 2030. This move underscores TSMC’s strong financial performance compared to Intel. Similarly, Patrick Liao‘s insights point out the earthquake’s minimal impact on TSMC revenue and the upcoming production start of TSMC’s first Japan Fab. Additionally, Liao’s analysis anticipates TSMC receiving around $5 billion through the US Chip Act, indicating positive growth prospects for the company.

Furthermore, Vincent Fernando, CFA, discusses TSMC’s increased capex due to rising demand in the tech sector. The company’s strategic investments, alongside its market dominance and expansion plans in Chiayi, Taiwan, support TSMC’s target of achieving over 25% revenue growth by 2024. These research reports on Smartkarma offer valuable insights into TSMC’s growth trajectory and reinforce the positive sentiment surrounding the company in the current market environment.

A look at Taiwan Semiconductor (TSMC) Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma’s Smart Scores, Taiwan Semiconductor (TSMC) shows promising long-term potential. With a high Momentum score of 5, indicating strong upward trend and performance, coupled with solid Resilience and Growth scores of 4 each, TSMC appears well-positioned to sustain growth and navigate market challenges.

Although the Value and Dividend scores are lower at 2 each, the robust scores in Growth, Resilience, and Momentum highlight TSMC’s strength in innovation, adaptability, and market presence. TSMC’s diverse range of services in wafer manufacturing, assembly, testing, and design across various industries further solidify its position as a key player in the integrated circuits market.

In summary, Taiwan Semiconductor Manufacturing Company, Ltd. is a leading company in the manufacturing and marketing of integrated circuits. With a strong emphasis on innovation and a wide array of services catering to different industries, TSMC’s impressive Smart Scores, particularly in Growth, Resilience, and Momentum, indicate a positive outlook for the company’s long-term performance.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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