Reported 7 months ago
Investment firms are optimistic about TSMC's performance in the second half of 2024, driven by strong AI demand and a recovery in smartphone sales. Despite political comments from Trump about Taiwan's defense payments, experts note that TSMC's fundamentals remain solid, with high demand expected for its 3nm chips through 2026. Major companies like Apple and Nvidia are keeping TSMC's orders robust, and new iPhone models featuring AI are anticipated to further boost the Taiwanese tech supply chain, benefiting companies such as MediaTek and Foxconn.
Source: YAHOO