The chip giant's market share keeps getting bigger.Taiwan Semiconductor Manufacturing Corporation (TSM 0.33%) might not be a household name, but it could be the world's most important company.TSMC, as the company is also known, makes more semiconductors than anyone else in the world. It's the manufacturer that chip designers and tech giants like Apple, Nvidia, AMD, Broadcom, Qualcomm, and others all rely on.In other words, TSMC is a crucial linchpin in the global economy as the electronics the world depends ...

Shares of chip-giant Taiwan Semiconductor (NYSE:TSM) have cooled off lately following the broader market slowdown and geopolitical tensions. However, over the course of the year, the stock has been on fire, surging 61% year to date. Given its indispensable role in powering the AI revolution, TSM stock remains as attractive as ever.TSM has top players in global chip manufacturing for major tech firms. Despite geopolitical risks, its critical role in the tech supply chain supports a bullish outlook. TSM’s chi ...

English Translation of Financial Statements Originally Issued in Chinese Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries Consolidated Financial Statements for the Six Months Ended June 30, 2024 and 2023 and Independent Auditors' Review Report 勤業眾信聯合會計師事務所 勤業眾信 110016 台北市信義區松仁路100號20樓 Deloitte & Touche 20F, Taipei Nan Shan Plaza No. 100, Songren Rd., Xinyi Dist., Taipei 110016, Taiwan Tel :+886 (2) 2725-9988 Fax:+886 (2) 4051-6888 www.deloitte.com.tw INDEPENDENT AUDITORS' REVIEW REPORT Th ...

BING-JHEN HONG/iStock Editorial via Getty Images In our previous analysis, we highlighted Taiwan Semiconductor Manufacturing Company Limited's (NYSE:TSM) (OTC:TSMWF) weakness in 2023 due to low utilization rates amid PC and smartphone market weakness but benefiting from a recovery in the second half with strong orders for its 3nm process technology. We anticipated robust positive growth for TSMC in 2024 supported by its competitive advantages in process technology, partnerships, and AI. In this analysis ...

In the world of semiconductor stocks, Taiwan Semiconductor (NYSE:TSM) remains a top stock investors continue to focus on. There are many reasons for the 64% move in TSM stock on a year-to-date basis. But it’s clear that overall chip demand has outpaced even the most bullish expectations heading into 2024.As a top chip manufacturer that makes wafers, semiconductors, and components and ultimately puts chips together for larger players, Taiwan Semi is often viewed as a bellwether for the overall space. Accordi ...

KEY TAKEAWAYSTaiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said July revenue surged 45% year-over-year.Sales for the month reached 256.95 billion New Taiwanese dollars ($7.93 billion), while revenue between January and July soared 30.5%.The buoyant sales at TSMC, which supplies chips to Nvidia and Apple, shows demand for AI chips remains strong. Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest contract chipmaker, said July revenue surged 45% year-over-year, ...

sefa ozelTSM stock Q2: Strong results met market panic I last wrote on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) back in April 2024. As you can see from the chart below, that article, titled "Taiwan Semiconductor Stock Is Breaking Out (Technical Analysis)," was published on April 17, 2024. As the title suggests, the article was more focused on the technical trading patterns of the stock. In particular, I argued for a bull thesis based on the following considerations: Taiwan Semico ...

Group 1 - TSMC has experienced significant growth, with share prices increasing by 258% over the past five years, outperforming the S&P 500 index's 81% gain [1] - The global semiconductor market grew from $469 billion in 2018 to $527 billion in 2023, reflecting a compound annual growth rate (CAGR) of 2.3% [2] - The semiconductor industry is expected to see accelerated growth driven by artificial intelligence (AI), with revenue projected to increase at a CAGR of almost 11% through 2029, reaching $1.2 trillion [3] Group 2 - TSMC holds a dominant position in the semiconductor foundry market with a 62% market share, serving major companies like Nvidia, Intel, and Qualcomm [4] - TSMC's revenue for Q2 2024 rose by 33% year over year to $20.8 billion, with expectations of a 25% increase in 2024 to $86.4 billion, outpacing the forecasted 13% growth for global semiconductor sales [5] - The semiconductor foundry market is projected to be worth $236 billion by 2030, with TSMC potentially achieving $142 billion in annual revenue if it maintains a 60% market share [6] Group 3 - TSMC's revenue is expected to grow at an annual rate of 21% from 2023 to 2026, with projections indicating a revenue increase of 136% over the next five years [8] - The anticipated revenue growth is faster than the 102% increase from 2018 to 2023, suggesting strong potential for TSMC's stock appreciation [8]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company's Q2 2024 revenue reached NT$673.5 billion, a year-on-year increase of 40.1% and a quarter-on-quarter increase of 13.6%, exceeding the Factset consensus estimate of NT$659.5 billion [1] - The net profit attributable to shareholders for Q2 2024 was NT$247.9 billion, up 36.3% year-on-year and 9.9% quarter-on-quarter, also surpassing the Factset consensus estimate of NT$236.4 billion [1] - The company expects to benefit from the demand for advanced processes driven by smartphones and AI in Q3 2024, with revenue guidance between US$22.4 billion and US$23.2 billion [1] - The company is progressing well with its N2 process, which is expected to enter mass production in 2025, and anticipates better performance and profitability from N2P and A16 processes compared to N3 [1] - The company announced its Foundry 2.0 model, highlighting its potential in advanced packaging and testing beyond traditional foundry services [1] - The company is planning price increases for advanced processes and packaging in 2025, aiming to negotiate with key clients to reflect its value without damaging relationships [1] - Revenue projections for 2024, 2025, and 2026 are NT$280.22 billion, NT$358.72 billion, and NT$425.94 billion, respectively, with net profits of NT$108.48 billion, NT$142.21 billion, and NT$170.01 billion [1] Financial Summary - For 2024, the expected revenue is NT$280.22 billion, with a year-on-year growth of 30% [2] - The projected net profit for 2024 is NT$108.48 billion, reflecting a 29% increase year-on-year [2] - The company's gross margin is expected to remain stable at around 54% [4] - The return on equity (ROE) is projected to be 53% for 2024 [4] - Earnings per share (EPS) for 2024 is estimated at NT$209.23 [2][4]

Taiwan Semiconductor is a vital business in the AI realm.The best artificial intelligence (AI) stock to buy right now is an incredibly hot topic. Some may argue that it's Nvidia; others may prefer Microsoft. While there are merits to both arguments, I prefer a different AI company.Like most AI businesses, my top pick isn't 100% focused on AI; it's all part of a larger strategy. Furthermore, without Taiwan Semiconductor Manufacturing (TSM -1.27%), none of the AI technologies would be possible. Luckily for in ...