Tracking developments across tech supply chains, Tech Supply Chain Tracker

Tech Supply Chain Tracker

Tracking developments across tech supply chains

Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing)

<ul><li>Global EV sales in 2024 were strong, with forecasts for 2025 looking promising as well, showcasing the growth of the electric vehicle market.</li><li>Asus and Gigabyte secure large AI server orders from Nvidia, highlighting efforts to boost US manufacturing and strengthen partnerships in the tech industry.</li><li>iPhone 16e price hints at a move away from the budget market, indicating a potential shift in Apple's pricing strategy for future phone releases.</li></ul>

Global EV sales in 2024 were strong, with forecasts for 2025 looking promising as well, showcasing the growth of the electric vehicle market.Asus and Gigabyte secure large AI server orders from Nvidia, highlighting efforts to boost US manufacturing and strengthen partnerships in the tech industry.iPhone 16e price hints at a move away from the budget market, indicating a potential shift in Apple's pricing strategy for future phone releases.

Tech Supply Chain Tracker (25-Feb-2025): Global EV sales: 2024 review, 2025 forecast

Taiwan Tech Focused Senior Analyst

Patrick Liao

TSMC (Taiwan Semiconductor Manufacturing) - ADR / Equity Bottom-Up

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<ul>
<li>It is a paradox US President wanted to make the US the number one semiconductor manufacturing country but is very likely unable to change the existing environment in the US.</li>
<li>Another paradox is that a foreign company must obtain approval from the relevant US authorities before transferring control of the specific US company, which may not be feasible.</li>
<li>It raises the third paradox that a Taiwanese company would need to operate an existing US entity with their company's expertise under different cost conditions.  </li>
</ul>


It is a paradox US President wanted to make the US the number one semiconductor manufacturing country but is very likely unable to change the existing environment in the US.
Another paradox is that a foreign company must obtain approval from the relevant US authorities before transferring control of the specific US company, which may not be feasible.
It raises the third paradox that a Taiwanese company would need to operate an existing US entity with their company's expertise under different cost conditions.  


TSMC (2330.TT; TSM.US): Will TSMC Work on Intel Foundry Services? There Are Three Paradoxes...

Managing Director, Zero One, Zero One

Vincent Fernando, CFA

Managing Director, Zero One

Zero One

Founded in 2015, Zero One produces independent investment research and provides corporate finance advisory services with a focus on both listed and private technology companies. Founder Vincent Fernando has over 20 years of experience in US and Asia capital markets.

Independent Investment Research

<ul>
<li>TSMC: +22.2% Premium; Wait for Higher Level Before Fresh Short of Spread</li>
<li>UMC: 0% Premium (Parity) -- Massive Increase in ADR Headroom</li>
<li>ChipMOS: +0.5% Premium; Wait for More Extreme Levels; Earnings Ahead</li>
</ul>


TSMC: +22.2% Premium; Wait for Higher Level Before Fresh Short of Spread
UMC: 0% Premium (Parity) -- Massive Increase in ADR Headroom
ChipMOS: +0.5% Premium; Wait for More Extreme Levels; Earnings Ahead


Taiwan Dual-Listings Monitor: TSMC Premium Eases Down; Massive Change in UMC Headroom

Pan-Asia Tactical Market Calls (Quant-Driven), MRM Research

Nico Rosti

Pan-Asia Tactical Market Calls (Quant-Driven)

MRM Research

Quantitative Research

Event-Driven

TSMC (Taiwan Semiconductor Manufacturing) / Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/taiwan-semiconductor-manufacturing-company" target="_blank" data-smartkarma-citation="entities:11230:1" rel="noopener">Taiwan Semiconductor (TSMC) (2330 TT)</a> started to rally after an article on the WSJ said that the Taiwanese company is considering buying Intel’s semiconductor manufacturing plants.</li>
<li>As always, <strong>buy the rumor, sell the news</strong> is a possibile strategy here: our models say the stock is getting quickly overbought (WEEKLY period). </li>
<li>In this insight we will provide some short-term, tactical guidance to identify profit targets, where can you expect to see the stock reaching in the next few days/weeks.</li>
</ul>



Taiwan Semiconductor (TSMC) (2330 TT) started to rally after an article on the WSJ said that the Taiwanese company is considering buying Intel’s semiconductor manufacturing plants.
As always, buy the rumor, sell the news is a possibile strategy here: our models say the stock is getting quickly overbought (WEEKLY period). 
In this insight we will provide some short-term, tactical guidance to identify profit targets, where can you expect to see the stock reaching in the next few days/weeks.


Profit Targets for TSMC (2330.TT) After Intel Acquisition Announcement

<ul>
<li>TSMC &amp; Broadcom Exploring Intel Acquisitions; Potential Major Consolidation in the Foundry Space</li>
<li>Taiwan AI Server Leader Expanding to Texas with New Production Hub</li>
<li>Semi WFE Revenues Increase ~7% YoY In 2024. 2025 Looks Much The Same. So, Where's The AI Effect? </li>
</ul>


TSMC &amp; Broadcom Exploring Intel Acquisitions; Potential Major Consolidation in the Foundry Space
Taiwan AI Server Leader Expanding to Texas with New Production Hub
Semi WFE Revenues Increase ~7% YoY In 2024. 2025 Looks Much The Same. So, Where's The AI Effect? 


Taiwan Tech Weekly: TSMC & Broadcom Exploring Intel Acquisition -- Implications

Taiwan

Taiwan Semiconductor Manufacturing Company Ltd. manufactures integrated circuits based on its proprietary designs.  The Company offers a comprehensive set of integrated circuit fabrication processes to manufacture CMOS logic, mixed-mode, volatile and non-volatile memory and BiCMOS chips.  Taiwan Semiconductor is an affiliate of Philips Electronics N.V.

TSMC (Taiwan Semiconductor Manufacturing) - ADR (TSM US)

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TSMC (Taiwan Semiconductor Manufacturing) - ADR (TSM US)

Tech Supply Chain Tracker (25-Feb-2025): Global EV sales: 2024 review, 2025 forecast

Global EV sales review for 2024 with 2025 forecasts, Asus and Gigabyte secure big AI server orders, iPhone 16e price hints at move from budget...

Tech Supply Chain Tracker

TSMC (2330.TT; TSM.US): Will TSMC Work on Intel Foundry Services? There Are Three Paradoxes...

US President's goal of making the US the top semiconductor manufacturing country faces paradoxes due to existing environment, approval...

Patrick Liao

Taiwan Dual-Listings Monitor: TSMC Premium Eases Down; Massive Change in UMC Headroom

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Profit Targets for TSMC (2330.TT) After Intel Acquisition Announcement

TSMC rallied on news of potential Intel plants purchase, but it's getting quickly overbought - this insight offers tactical guidance to identify...

Nico Rosti

Taiwan Tech Weekly: TSMC & Broadcom Exploring Intel Acquisition -- Implications

TSMC and Broadcom consider Intel acquisitions; while Taiwan AI server leader is expanding to Texas and Semi WFE revenues show steady growth with...

Vincent Fernando, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Tech Supply Chain Tracker (25-Feb-2025): Global EV sales: 2024 review, 2025 forecast

Global EV sales review for 2024 with 2025 forecasts, Asus and Gigabyte secure big AI server orders, iPhone 16e price hints at move from budget...

Tech Supply Chain Tracker

TSMC (2330.TT; TSM.US): Will TSMC Work on Intel Foundry Services? There Are Three Paradoxes...

​US President's goal of making the US the top semiconductor manufacturing country faces paradoxes due to existing environment, approval...

Patrick Liao

Taiwan Dual-Listings Monitor: TSMC Premium Eases Down; Massive Change in UMC Headroom

We analyze the premium and discount levels of dual-listed Taiwan companies, suggesting potential spread trading levels based on historical trends.

Vincent Fernando, CFA

Profit Targets for TSMC (2330.TT) After Intel Acquisition Announcement

​TSMC rallied on news of potential Intel plants purchase, but it's getting quickly overbought - this insight offers tactical guidance to identify...

Nico Rosti

Taiwan Tech Weekly: TSMC & Broadcom Exploring Intel Acquisition -- Implications

TSMC and Broadcom consider Intel acquisitions; while Taiwan AI server leader is expanding to Texas and Semi WFE revenues show steady growth with...

Vincent Fernando, CFA

US President's goal of making the US the top semiconductor manufacturing country faces paradoxes due to existing environment, approval...

TSMC rallied on news of potential Intel plants purchase, but it's getting quickly overbought - this insight offers tactical guidance to identify...