Taiwan Semiconductor's Intel Foundry Acquisition Could Be Negative For ASML, KLA, Synopsys, And Cadence: Analyst

Needham analyst Charles Shi reiterated Taiwan Semiconductor Manufacturing Co TSM with a Buy and a $225 price target.In conjunction with Shi’s Taiwan Semiconductor note on a pro forma analysis of the contract chipmaker’s potential acquisition of Intel Corp’s INTC Intel Foundry, the analyst noted through the implications for Semiconductor Capital Equipment (Semicap) and Electronic Design Automation (EDA) and concluded that the takeover will inevitably lead to capital efficiency, which is a long-term negative ...