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. Taiwan Dual-Listings Monitor: TSMC Major Spread Breakdown; ASE & ChipMOS Opportunities
- TSMC: +19.1% Premium; Opportunity to Close Shorts, Set Up New Long
- ASE: -1.6% Discount; Rare Opportunity to Long the Spread at a Discount
- ChipMOS: -7.8% Discount; Short Term Fluke Creates Long the ADR Opportunity
2. TSMC (2330.TT; TSM.US): 2026 Growth >20%; N3/N2 Capacity & Yield; Main Clients’ Focus.
- TSMC (Taiwan Semiconductor Manufacturing) – ADR (TSM US) annual growth rate for 2026 is expected to reach 20%+.
- N3, N4, and N5 processes are currently cross-fabricating to Taichung Fab 15 for metal layer production.
- NVIDIA Corp (NVDA US) is anticipated to be a key customer driving significant growth in 2026, fueled by demand of AI.
3. Taiwan Tech Weekly: TSMC’s Capacity Crunch; Latest Intel on Leading Edge Yield
- Inside TSMC’s Fight to Balance H200 Wafers and CoWoS Packaging
- TSMC (2330.TT; TSM.US): 2026 Growth >20%; N3/N2 Capacity & Yield; Main Clients’ Focus.
- Taiwan Dual-Listings Monitor: TSMC Major Spread Breakdown; ASE & ChipMOS Opportunities
4. SMC (6273 JP): Investing for the Long Term
- Capex is scheduled to rise by 67% this fiscal year, then drop by nearly half. Record investment going into in logistics, technical centers, domestic and overseas production and sales.
- Depreciation likely to increase by about 90% this fiscal year and next before starting to decline. Operating profit down this year and next, before starting to recover in FY Mar-28.
- Chillers for the semiconductor industry and other applications projected to rise from 7% of sales this fiscal year to 11% year after next.
