Latest news with #TaiwanSemiconductorManufacturingCompany
Yahoo
6 hours ago
- Business
- Yahoo
Barclays Lifts Price Target for TSMC, Keeps Overweight Rating
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 12 Most Owned Stocks by Hedge Funds So Far in 2025. On July 17, Barclays increased its price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) from $249 to $275 while keeping an 'Overweight' rating. This change came after Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported Q2 2205 results that beat expectations. A technician in a lab coat inspecting a semiconductor processor on a microscope. The financial firm highlighted strength across all divisions of the company and noted some pull-in from consumer-exposed segments. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) increased its full-year guidance, which Barclays took as a sign that AI demand is strong. The company's management also indicated that they are working to increase supply to meet the stronger AI demand. Gross margins were within the company's guidance range. However, according to Barclays, margins would have beaten guidance if adjusted for foreign exchange effects. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a Taiwanese multinational semiconductor contract manufacturing and design company. It manufactures, packages, and tests integrated circuits for a range of industries. While we acknowledge the potential of TSM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
India.com
3 days ago
- Automotive
- India.com
Elon Musk Says Samsung Will Produce Teslas AI6 Chip At US Plant
Seoul: Elon Musk, CEO of Tesla, has said Samsung Electronics will manufacture the US electric vehicle maker's next-generation AI6 chip at its semiconductor plant in the state of Texas. Musk made the announcement on Sunday (U.S. time) on his social media platform X, formerly known as Twitter, stating, "The strategic importance of this is hard to overstate.' He added that Taiwan Semiconductor Manufacturing Company (TSMC), which has just completed its design phase, will initially produce the AI5 chip in Taiwan, reports Yonhap news agency. Musk also said Samsung, which currently manufactures the AI4 chip, has agreed to allow Tesla to collaborate in efforts to maximise manufacturing efficiency. Tesla's AI6 chip is designed to be scalable -- small enough for use in humanoid robots and self-driving cars but powerful enough for artificial intelligence (AI) data centre. Samsung Electronics said on Monday it has secured a 22.8 trillion-won (US$16.4 billion) order to supply semiconductors to a major undisclosed customer. In a regulatory filing, the South Korean tech giant said it signed a foundry contract set to be completed by December 31, 2033. The contract accounts for 7.6 percent of the company's total revenue of 300.9 trillion won last year and marks the largest chip order ever won by Samsung Electronics. The deal is expected to give a much-needed boost to its foundry division, which has long struggled to catch up with global industry leader Taiwan Semiconductor Manufacturing Company (TSMC). In its earnings guideline released earlier this month, Samsung Electronics estimated an operating profit of 4.59 trillion won and sales of 74 trillion won for the second quarter. In particular, operating profit failed to meet market expectations, mainly due to the sluggish performance of the foundry and the System Large Scale Integration (LSI) divisions, according to the report.
Time of India
3 days ago
- Automotive
- Time of India
Musk says Samsung will produce Tesla's AI6 chip at US plant
Elon Musk, CEO of Tesla, has said Samsung Electronics will manufacture the US electric vehicle maker's next-generation AI6 chip at its semiconductor plant in the state of Texas. Musk made the announcement on Sunday (U.S. time) on his social media platform X, formerly known as Twitter, stating, "The strategic importance of this is hard to overstate." He added that Taiwan Semiconductor Manufacturing Company (TSMC), which has just completed its design phase, will initially produce the AI5 chip in Taiwan, reports Yonhap news agency. Musk also said Samsung, which currently manufactures the AI4 chip, has agreed to allow Tesla to collaborate in efforts to maximise manufacturing efficiency. Tesla's AI6 chip is designed to be scalable -- small enough for use in humanoid robots and self-driving cars but powerful enough for artificial intelligence (AI) data centre. Samsung Electronics said on Monday it has secured a 22.8 trillion-won (US$16.4 billion) order to supply semiconductors to a major undisclosed customer. In a regulatory filing, the South Korean tech giant said it signed a foundry contract set to be completed by December 31, 2033. The contract accounts for 7.6 percent of the company's total revenue of 300.9 trillion won last year and marks the largest chip order ever won by Samsung Electronics. The deal is expected to give a much-needed boost to its foundry division, which has long struggled to catch up with global industry leader Taiwan Semiconductor Manufacturing Company (TSMC). In its earnings guideline released earlier this month, Samsung Electronics estimated an operating profit of 4.59 trillion won and sales of 74 trillion won for the second quarter. In particular, operating profit failed to meet market expectations, mainly due to the sluggish performance of the foundry and the System Large Scale Integration (LSI) divisions, according to the report.
Business Insider
21-07-2025
- Business
- Business Insider
Chip giant TSMC is the newest member of the $1 trillion market-cap club
Taiwan Semiconductor Manufacturing Company is the newest member of an elite club The company's Taiwanese shares surged to a record high on Friday, touching a $1 trillion valuation for the first time, while its US-traded American Depository Receipts were worth about $1.2 trillion. The stock is up almost 50% since hitting a low in April. The latest surge comes after strong second-quarter earnings. Much of TSMC's growth has been fueled by its lucrative niche market. As the primary AI chip supplier to top tech companies, including Apple, Nvidia, and Qualcomm, it has benefited from the robust demand that has transformed the market over the past few years. TSMC's leaders are optimistic that this growth will continue as the company enters the second half of the fiscal year, after stating that they aren't concerned about rising competition. "Our business in the second quarter was supported by continued robust AI and HPC-related demand" said CFO and VP of product Wendell Huang. "Moving into third quarter 2025, we expect our business to be supported by strong demand for our leading-edge process technologies." The company reported year-over-year revenue increase of 38% last quarter. It also showed a 12% revenue increase and 10% net income jump from Q1. The jump to a $1 trillion valuation comes after Nvidia, one of TSMC's top customers, made market history as the first company to reach a $4 trillion valuation earlier this month.
New Straits Times
18-07-2025
- Business
- New Straits Times
Bursa Malaysia ends higher on bargain hunting
KUALA LUMPUR: Bursa Malaysia ended the week on a higher note as bargain hunting continued following the heavy sell-off earlier this week, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.92 points or 0.32 per cent to 1,525.86 from Thursday's close of 1,520.94. The benchmark index opened 2.03 points higher at 1,522.97 and moved between 1,522.97 and 1,529.52 throughout the trading session. The market breadth was positive, with 621 gainers overtaking 393 decliners and 511 counters unchanged, while 933 were untraded and eight suspended. Turnover slightly improved to 3.18 billion shares worth RM2.81 billion, compared with 3.17 billion shares valued at RM2.48 billion on Thursday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said key regional indices also trended higher thanks to strong earnings from technology companies. Taiwan Semiconductor Manufacturing Company's (TSMC) second quarter (2Q) earnings soared nearly 61 per cent year-on-year to a new record, fuelled by sustained strength in artificial intelligence (AI) chip demand. However, the Japanese stocks were on a downtrend as inflation data came in slightly higher than expected. Thong said sentiment remained fragile for the local bourse as the index failed to re-capture the 1,530 level. "Investors are also reluctant to hold long positions due to many external uncertainties," he told Bernama. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the closing performance by the FBM KLCI was, however, insufficient to lift the index into positive territory on a weekly basis. On a Friday-to-Friday comparison, he noted the index registered a marginal decline of 0.66 per cent. In today's session, industrial products led the gainers, supported by an improving economic outlook for Malaysia, which appears to have alleviated investor concerns over potential economic headwinds stemming from uncertain trade policies and ongoing geopolitical risks. Commenting on the gross domestic product (GDP), the data released today showed Malaysia's advanced estimate for second-quarter GDP coming in at 4.5 per cent, slightly ahead of its projection of 4.3 per cent, reinforcing the resilience of the domestic economy despite persistent external challenges. "The improved sentiment was further buoyed by stronger-than-expected US macroeconomic data overnight. "Notably, US retail sales rose by 0.6 per cent in June, while initial jobless claims fell for the fifth consecutive week to their lowest level since mid-April - both signalling sustained strength in the American labour market. Of the heavyweight stocks, Public Bank and Press Metal Aluminium rose 6.0 sen each to RM4.31 and RM5.13, Gamuda gained 18 sen to RM5.33, Sunway added 7.0 sen to RM5.06 and IHH Healthcare was up 4.0 sen to RM6.57. Among the most active stocks, ACE Market debutant Enproserve Group was 2.5 sen higher at 26.5 sen, NexG added half-a-sen to 49.5 sen, Zetrix AI and Tanco gained 1.0 sen each to 94.5 sen and 91 sen and iCents advanced 2.0 sen to 36 sen.
