X @郭明錤｜Ming-Chi Kuo

Goldman Sachs upgraded Nittobo to Buy in a July 6 report. One key reason was its cautious view on TSMC’s glass core substrate (GCS) progress. I won’t add much commentary here. Just sharing the note.That said, my takeaway is that the other reasons GS cited for the upgrade do not really conflict with a constructive view on GCS over the next several years.One thing to note: based on past patterns, the likelihood of TSMC providing major updates on GCS/CoPoS at its upcoming July earnings call may be low. This is ...