Reported about 1 year ago
In the context of predictable global monetary policies and stability, with strong operational performance from TSMC, the demand for high-speed computing and automotive-related industries is expected to remain stable. With a strong fundamental base, the long-term outlook remains positive. Boosted by leading semiconductor stocks like TSMC, the semiconductor index futures have hit historical highs, and as long as the index stays above the monthly line, new highs are expected. The global digital transformation is accelerating with increased orders in the Taiwan semiconductor industry, driven by the trade war and pandemic making high-end chips a strategic resource in global competition. Despite the sharp decline in U.S. June ISM Non-Manufacturing Index and ADP Employment Report, the Fed's chances of cutting rates by 0.25% in September have risen to 66.5%, leading to continuous funds flowing into semiconductor and other technology stocks.
Source: YAHOO