Taiwan Semiconductor Sees Boost from 3nm and 5nm Nodes, Analyst Highlights Q3 Outlook

Quick Summary:

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.

Needham analyst Charles Shi reiterated a Buy rating on Taiwan Semiconductor Manufacturing Co (NYSE:TSM) with a price target of $210.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesTaiwan

Topics: Analyst Ratings Briefs Benzinga Stories That Matter Trading Ideas US8740391003 Reiteration Price Target Expert Ideas Tech TSM Top Stories News

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 17:26:29 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 340 words

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Copyright Owner: © Benzinga

News ID: 21686260

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