Taiwan Semiconductor (TSMC) (2330) Earnings Report: Feb Sales Surge to NT$181.65B, Up 11% YoY

Taiwan Semiconductor (TSMC) on Smartkarma

Smartkarma, an independent investment research network, has recently published several insightful reports on Taiwan Semiconductor (TSMC). The reports, written by top independent analysts such as Patrick Liao and Brian Freitas, provide bullish sentiments on the company’s future prospects.

According to Patrick Liao‘s report, TSMC is expanding its CoWoS capacity, which is expected to increase production by 32k wafers per month in 2024. This growth is driven by the expected sales contribution from the highly anticipated Apple iPhone 16 in the second half of 2024. With TSMC leading the way, the semiconductor industry is also expected to rebound in 2024.

Brian Freitas‘ report focuses on the emerging markets ex-China, where the iShares Emerging Markets ex-China ETF (EMXC) has seen a significant increase in assets under management (AUM) from US$420 million to US$11 billion. This has led to a shift in investment from Chinese stocks to other emerging market stocks. With the US elections potentially acting as another catalyst for a shift, the report suggests that EMXC has outperformed other emerging market ETFs with lower volatility.

In another report by Patrick Liao, TSMC’s forecast for the foundry market in 2030F shows significant growth potential, with the company already developing the 2nm nanosheet technology. The report also highlights potential shifts in market ownership for automotive and ADAS technologies, with TSMC predicting the foundry, semiconductor, electronics, industrial technology, and global GDP to reach $0.25 trillion, $1 trillion, $3 trillion, $12 trillion, and $145 trillion respectively by 2030.

Furthermore, Patrick Liao‘s report on TSMC’s February sales, the company’s second Japanese fab, and NVIDIA’s stock price suggests that the few working days in February may lead to lower revenue. It also speculates that the Taiwanese government may want TSMC to build fabs in countries aligned with those who signed the “Wassenaar Arrangement.” Additionally, the report notes the significance of NVIDIA’s recent price hike, which could indicate growth in the AI sector.

Vincent Fernando’s report on Taiwan Tech Weekly also highlights the strong performance of Taiwan’s AI names, while major players like ASE and Mediatek have stumbled. The report also mentions the world’s largest display driver maker’s prediction of a growth decline in February and March and the focus of TSM

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

Taiwan Semiconductor Manufacturing Company (TSMC) is a leading manufacturer and marketer of integrated circuits. The company offers a wide range of services including wafer manufacturing, testing, and design services. Its products are used in various industries such as computers, communication, consumer electronics, and automotive.

Based on the Smartkarma Smart Scores, TSMC has a positive long-term outlook. The company scores a 2 out of 5 for both value and dividend, indicating that it may not be the most attractive option for investors looking for immediate returns. However, TSMC scores a 4 out of 5 for both growth and resilience, suggesting that it has a strong potential for long-term growth and can withstand market challenges. In terms of momentum, TSMC also scores a 4 out of 5, indicating that it has been performing well in the market. Overall, TSMC’s high scores in growth, resilience, and momentum make it a promising company for investors looking for long-term gains.

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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