Reported 8 months ago
Taiwan Semiconductor Manufacturing (TSM) stock increased by 2.1% due to TSMC being chosen by Intel to manufacture 3nm chips for notebook computers. This move is expected to benefit both Intel and TSMC, with the latter likely seeing improved profit margins as demand for its 3nm chips rises, leading to potential price hikes. Although TSMC stock may not be cheap at 28.5 times trailing earnings, its expected strong growth rates make it a possible consideration for investment.
Source: YAHOO