Reported 7 months ago
Leading semiconductor manufacturer TSMC has received an upgrade, leading to a positive outlook for mature process indicator stocks. Morgan Stanley Securities raised their ratings on mainland China's Huahong Semiconductor due to full production capacity and anticipated price increases of 10% in the second half of the year. This has eased pricing pressure on Taiwanese mature process wafer foundries, prompting upgrades for World and Powerchip Technology. The positive ratings from Morgan Stanley Securities prompted international capital moves, with foreign investors buying over 6,325 shares of World and 23,000 shares of Powerchip, signaling an end to nine days of consecutive selling. The improved production capacity utilization is expected to boost profitability and limit downside risks for the mentioned companies.
Source: YAHOO