- TSM continues to see high levels of utilization across virtually all nodes. Rapidly-accelerating demand across 5-nanometer and HPC product offerings are expected to persist for several years.
- By far the largest player in the semiconductor industry, TSMC is able to fuel innovation, and then scale in a timely manner. The N5 ramp-up has begun.
- TSM management reiterated the $17.5B estimated capital expenditures guidance for 2020. Consensus analyst estimates expect a similar spend in 2021.
- I'm "very bullish" on TSM, with a five-year price target of $179 on the stock.
For further details see:
Taiwan Semiconductor: Feeding The Global Appetite For 5G And High-Performance Computing