TECH - Taiwan Semiconductor Sees Boost from 3nm and 5nm Nodes Analyst Highlights Q3 Outlook | Benzinga
Needham analyst Charles Shi reiterated a Buy rating on Taiwan Semiconductor Manufacturing Co (NYSE:TSM) with a price target of $210.
Shi said Taiwan Semiconductor reported fiscal 2024 second-quarter results, with revenue of $20.82 billion and earnings per ADS of $1.48, beating consensus estimates on both the top and bottom lines.
Taiwan Semiconductor’s performance can be attributed to strong demand for both the 3nm and 5nm nodes, which contributed 15% and 35% of total wafer revenue for the quarter, respectively, as per the analyst.
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