Quantitative Researcher, MRM Research

Nico Rosti

Quantitative Researcher

MRM Research

Quantitative Research

Event-Driven

TSMC (Taiwan Semiconductor Manufacturing) / Event-Driven

TSMC (Taiwan Semiconductor Manufacturing)

<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

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

Equity Bottom-Up

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

TSMC (Taiwan Semiconductor Manufacturing) - ADR

<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

<ul>
<li>TSMC: +24.7% Premium; Can Consider Shorting the Spread At Current Level</li>
<li>ASE: +2.6% Premium; Wait for Closer to Parity Before Going Long Again</li>
<li>ChipMOS: +1.8% Premium; Can Continue to Consider Shorting at Current Level</li>
</ul>


TSMC: +24.7% Premium; Can Consider Shorting the Spread At Current Level
ASE: +2.6% Premium; Wait for Closer to Parity Before Going Long Again
ChipMOS: +1.8% Premium; Can Continue to Consider Shorting at Current Level


Taiwan Dual-Listings Monitor: TSMC Spread Back to Extremes; ChipMOS Still High

<ul>
<li>OpenAI Joins the AI Chip Race -- Partnering with TSMC and Broadcom to Reduce Nvidia Reliance</li>
<li>TSMC January Revenue Rises 35.9% -- But Reduces 1Q25E Expectations Due to Quake Impact</li>
<li>Hon Hai Guides for 1Q25E Growth to Be Above Average and 'Strong'</li>
</ul>


OpenAI Joins the AI Chip Race -- Partnering with TSMC and Broadcom to Reduce Nvidia Reliance
TSMC January Revenue Rises 35.9% -- But Reduces 1Q25E Expectations Due to Quake Impact
Hon Hai Guides for 1Q25E Growth to Be Above Average and 'Strong'


Taiwan Tech Weekly: OpenAI Developing Alternative to Nvidia with TSMC; Hon Hai Guides Strong 1Q25E

<ul>
<li>TSMC Expands 2nm &amp; Advanced Packaging in Taiwan, Advances 1nm "GIGAFAB" in the South -- Despite U.S. Tariff Risks</li>
<li>Japan's Semiconductor Gamble: Can Rapidus Challenge TSMC? -- Maintain Structural Long for TSMC.</li>
<li>Apple Supply Chain Monitor -- Why Zhen Ding and Kinsus Interconnect Could Be in a Favorable Position Relative to Apple's AI Trajectory</li>
</ul>


TSMC Expands 2nm &amp; Advanced Packaging in Taiwan, Advances 1nm "GIGAFAB" in the South -- Despite U.S. Tariff Risks
Japan's Semiconductor Gamble: Can Rapidus Challenge TSMC? -- Maintain Structural Long for TSMC.
Apple Supply Chain Monitor -- Why Zhen Ding and Kinsus Interconnect Could Be in a Favorable Position Relative to Apple's AI Trajectory


Taiwan Tech Weekly: TSMC's Massive New 1nm GIGAFAB in Development; Can Japan Build the Next TSMC?

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)

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

Taiwan Dual-Listings Monitor: TSMC Spread Back to Extremes; ChipMOS Still High

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

Vincent Fernando, CFA

Taiwan Tech Weekly: OpenAI Developing Alternative to Nvidia with TSMC; Hon Hai Guides Strong 1Q25E

OpenAI partners with TSMC and Broadcom to reduce reliance on Nvidia in AI chip race, while Hon Hai expects above average and 'strong' growth in...

Vincent Fernando, CFA

Taiwan Tech Weekly: TSMC's Massive New 1nm GIGAFAB in Development; Can Japan Build the Next TSMC?

TSMC expands in Taiwan and advances in South despite U.S. tariff risks, Japan's Rapidus challenges TSMC, Zhen Ding and Kinsus in favorable...

Vincent Fernando, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

Taiwan Dual-Listings Monitor: TSMC Spread Back to Extremes; ChipMOS Still High

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

Vincent Fernando, CFA

Taiwan Tech Weekly: OpenAI Developing Alternative to Nvidia with TSMC; Hon Hai Guides Strong 1Q25E

​OpenAI partners with TSMC and Broadcom to reduce reliance on Nvidia in AI chip race, while Hon Hai expects above average and 'strong' growth in...

Vincent Fernando, CFA

Taiwan Tech Weekly: TSMC's Massive New 1nm GIGAFAB in Development; Can Japan Build the Next TSMC?

​TSMC expands in Taiwan and advances in South despite U.S. tariff risks, Japan's Rapidus challenges TSMC, Zhen Ding and Kinsus in favorable...

Vincent Fernando, CFA

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

OpenAI partners with TSMC and Broadcom to reduce reliance on Nvidia in AI chip race, while Hon Hai expects above average and 'strong' growth in...

TSMC expands in Taiwan and advances in South despite U.S. tariff risks, Japan's Rapidus challenges TSMC, Zhen Ding and Kinsus in favorable...