What's Going On With Taiwan Semiconductor Stock On Wednesday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 30 2024
0mins
Should l Buy TSM?
Source: Benzinga
TSMC Halts Shipments: Taiwan Semiconductor Manufacturing Company has stopped chip shipments to two developers due to concerns over potential links to Huawei, amid suspicions of U.S. export sanction violations by Bitmain, a major bitcoin mining hardware manufacturer.
Geopolitical Tensions Impacting TSMC: Increasing geopolitical tensions and criticism from Republican presidential candidate Donald Trump regarding Taiwan's role in the U.S. chip industry have negatively affected TSMC's stock performance, despite its significant revenue from the Chinese market.
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Analyst Views on TSM
Wall Street analysts forecast TSM stock price to fall
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 374.580
Low
63.24
Averages
313.46
High
390.00
Current: 374.580
Low
63.24
Averages
313.46
High
390.00
About TSM
Taiwan Semiconductor Manufacturing Co Ltd is a Taiwan-based integrated circuit foundry service provider. The Company is primarily engaged in integrated circuit manufacturing services. It offers advanced process technologies, specialised process solutions, advanced photomask and silicon stacking, and packaging-related technologies, while supporting a comprehensive design ecosystem. The Company's products serve diverse electronic sectors including artificial intelligence, high-performance computing, wired and wireless communications, automotive and industrial equipment, personal computing, information applications, consumer electronics, smart internet of things, and wearable devices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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