This weekly newsletter pulls together summaries of the top ten most-read Insights across Tech Hardware and Semiconductor on Smartkarma.
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1. TSMC (2330.TT; TSM.US): Brace Yourself for the US Tariffs!
- We aim at nearly 0% growth QoQ for Taiwan Semiconductor (TSMC) – ADR (TSM US)‘s revenue in 2Q25, but US tariff can be a changing factor since April, 2025.
- Taiwan Financial Supervisory Commission is announcing on April 6th, 2025 with three temporary methods to prevent a sudden slump of Taiwan stock market today.
- Taiwan Semiconductor (TSMC) – ADR (TSM US) is taking about 39.2% of Taiwan stock market value, which is the single largest stock in Taiwan.
2. Taiwan Dual-Listings Monitor: TSMC Spread Near Short Level; ASE & ChipMOS Spreads Good Short Levels
- TSMC: +18.9% Premium; Soon at a Good Level to Short the Spread
- ASE: +6.5% Premium; Good Level to Short the Spread Given Trading Range Breakdown
- ChipMOS: +6.6% Premium; 2% And Higher Good Level to Short the Spread
3. TSMC (2330.TT; TSM.US): Brace Yourself for US Tariff! (II)
- Under the US tariffs, we have to seriously consider whether Taiwan Semiconductor (TSMC) – ADR (TSM US) can achieve 25% growth in 2025.
- We have conducted two scenario analyses and anticipate a likely loss of above 8.5% in 2025 revenue for TSMC, especially related to Apple (AAPL US).
- The stock price of Taiwan Semiconductor (TSMC) – ADR (TSM US) is expected to be somewhat reshuffled in the current US-China tariff environment.
4. TSMC Q125 Earnings Preview
- TSMC reported March 2025 revenues of NT$285.96 billion, up 10% MoM and up 46.5% YoY.
- Revenue for January through March 2025 totaled NT$839.25 billion, an increase of 41.6% YoY.
- At the forecasted exchange rate of NT$32.8 to the US$, this translates into Q125 revenues of $25.58 billion, marginally above the guided midpoint of $25.4 billion
