Taiwan Semiconductor (TSMC) (2330) Records 45% Y/Y Sales Growth in July, Boosting Earnings Projections

Taiwan Semiconductor (TSMC) on Smartkarma

Analysts on Smartkarma have provided positive coverage of Taiwan Semiconductor (TSMC) recently. Uttkarsh Kohli‘s report titled “TSMC’s Expansion Strategy: New Plants and Rising AI Demand Shape Future Growth” highlights TSMC’s plans to build seven new plants globally and increase production of advanced chips. This growth is supported by a 62% market share in the Chips Foundry Market and rising demand from the AI sector, driving TSMC’s revenue. Additionally, William Keating‘s analysis, “TSMC. Take The Pullback Gift,” discusses TSMC’s strong Q324 revenues and raised FY24 guidance, despite a recent pullback in the share price, painting it as a potential buying opportunity.

Another report from Baptista Research focuses on TSMC’s second quarter results, emphasizing strong revenue growth driven by demand for cutting-edge technologies, tempered by seasonal factors. Vincent Fernando, CFA also contributes with insights on the Taiwan tech industry, highlighting developments such as new investments in Vietnam and optimistic outlooks for companies like UMC. With these analysts’ perspectives, investors can gain valuable insights into TSMC’s performance and future growth prospects within the semiconductor market.

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 a promising long-term outlook. With a Growth score of 4, the company is expected to experience strong growth potential in the future. Additionally, TSMC scores high in Resilience and Momentum, with scores of 4 and 5 respectively, indicating a solid ability to weather market fluctuations and maintain positive momentum.

Although TSMC’s Value and Dividend scores are 2, suggesting average performance in these areas, the company’s strong scores in Growth, Resilience, and Momentum point towards a positive outlook for investors looking at the long term. As a leader in manufacturing integrated circuits for various industries, including technology and automotive, Taiwan Semiconductor is positioned well for continued success in the global market.

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