TSMC

TSMC could continue to post a revenue compound annual growth rate of 15%-20% over the next five years, driven by both AI chip demand and the outsourcing by integrated device manufacturers, Morgan Stanley analysts say in a research note. TSMC’s gross margin could improve slightly to 55.5% in 4Q from 55% in 3Q, driven by strong AI chip demand and a further increase in Apple’s 3-nanometer chip output, they say. The Taiwanese semiconductor maker could maintain its gross margin around 55% in 2025 and beyond after its successful wafer price hike, which is set to take effect next year, they say. Given expectations of at least a 10% price increase for AI chips, 6% for other high-performance computing chips and 3% for smartphone chips, the 2025 price hike could average 4%-5%, lifting its gross margin by 2-3 percentage points, they add.

TSMC should see promising surging demand from cloud and edge AI, which will likely drive revenue growth through 2026, Citi research analyst Laura Chen writes in a note. TSMC should be able to reflect its value to customers and it may adjust prices for products given rising demand, Chen says. Given stronger revenue growth, capex intensity should also continue trending downwards, though TSMC will likely lift the range of capex expected in 2024 to US$30 billion-US$32 billion from US$28 billion-US$32 billion, given escalating advanced node demand, Chen adds. Citi raises its target price on the stock to NT$1,150 from NT$1,030 while reiterating its buy rating. Shares closed 0.1% lower at NT$921.00.

TSMC Says It Plans To Repurchase 3.2M Shares Between June 6 And Aug 5; Says Board Approves Capital Boost For Unit TSMC Global For Up To $5B

The following is a summary of the Taiwan Semiconductor Manufacturing Company Limited (TSM) Q4 2023 Earnings Call Transcript: Financial Performance: TSMC reported Q4 revenue increase of 14.4% sequentially in NT dollar or 13.6% in U.S. dollars due to ramp up of 3-nanometer technology. Gross and operating margins decreased to 53% and 41.6% respectively, primarily due to margin dilution from 3-nanometer ramp. Full year 2023 saw a decrease in revenue by 8.7% in US dollar terms to US$69 billion. Cash and marketable securities at the end of Q4 stood at NT$1.7 trillion or US$55 billion. Capital expenditures were US$30.45 billion, generating NT$1.7 trillion in operating cash flow and NT$292 billion in free cash flow. In 2024, TSMC’s capital budget is expected to be between US$28 billion and US$32 billion, with capital expenditures expected to increase around 30% YoY. Q1 2024 revenue is anticipated to be between US$18 billion and US$18.8 billion,

By Kosaku Narioka Taiwan Semiconductor Manufacturing Co.’s shares rose sharply after the company projected strong revenue growth this year following a sales slump in 2023. The shares were recently 4.6% higher at 615.00 New Taiwan dollars after rising as much as 6.3% earlier Friday morning. TSMC Chief Executive C.C. Wei said Thursday following the announcement of fourth-quarter results that revenue is poised to rise more than 20% in U.S. dollar terms this year. Wei named artificial intelligence as the company’s growth driver, saying AI-related revenue is expected to account for nearly one-fifth of the company’s total revenue within a few years. Revenue dropped 8.7% in 2023 to US$69.30 billion. The chip maker has been facing a sales slump as clients cut back on their inventory following a pandemic-driven surge in demand for chips used in electronics equipment. TSMC said net profit dropped 19% from a year earlier to 238.71 billion

Taiwan Semiconductor Manufacturing Co. is scheduled to report fourth-quarter results on Thursday. Here is what you need to know: NET PROFIT: TSMC is expected to post a 24% drop in net profit to 224.67 billion new Taiwan dollars (US$7.14 billion) for the quarter ended Dec. 31, according to a poll of analysts by S&P Global Market Intelligence. That compares with NT$295.90 billion in net profit a year earlier. REVENUE: Fourth-quarter revenue was at NT$625.53 billion, based on the sum of monthly revenue disclosed by the company. The stock has fallen 2.2% so far in 2024 through Tuesday, following a 13% rise in the final quarter of last year. Shares closed at NT$580.00 on Tuesday. WHAT TO WATCH: –TSMC is expected to offer earnings guidance for the first quarter, in addition to its results for the fourth quarter of 2023. Investors are closely watching for any signs of a recovery from

TSMC (NYSE:TSM) sales in February 2023 were NT$163.17 billion, up 11% year-on-year and down 18.4% month-on-month; Sales so far this year were NT$363.23 billion, up 13.8% year-on-year.

TSMC (NYSE:TSM) announced that sales revenue in January 2023 was approximately NT$200.05 billion, up 3.9% month-on-month and 16.2% year-on-year.

TSMC Expects 2023 Capital Expenditure to Be Between $32B and $36B.

TSMC(NYSE:TSM) Stock price trend forecast and trading range: Updated to: 2023.1.11 (Note: The upper red line in the picture is the resistance, and the lower red line is the support) Analysis from stock chart —————————————————————- Short-term trend: bullish Sell high and buy low of range : $78 – $83 Support: $73 resistance: $83 Stop Loss Price: $78 price target: $83 Buy the position again: stop fall Medium-term trend: neutral High sell low buy range: $78 – $90 Support: $73 resistance: $90 Stop Loss price: $75 price target: $90 Buy the position again: stop fall Long-term trend: bearish High sell low buy of range: $73 – $95 Support : $73 resistance: $95 Stop Loss price: $73 price target : $95 Buy the position again: stop fall From Analysis from financial statements: January 12, 2023 revenue of NT$625.53 billion, market expected NT$636.02 billion, net income of NT$295.90 billion, the market expects NT$287.8