Overview
- Bank of America’s Mike Yang kept a Buy rating with a $360 price objective after October revenue rose to about NT$367.47 billion, up 11% month over month and 16.9% year over year.
- A Yahoo Finance report says TSMC plans a $165 billion Phoenix expansion, with one fab already running since Q4 2024 and two more targeting volume by 2028 and the end of the decade.
- Nvidia CEO Jensen Huang, in a Bloomberg-reported exchange, asked TSMC to scale supply to meet surging GPU needs, underscoring persistent backlog for AI and HPC chips.
- TSMC is introducing a chip generation that cuts power use by roughly 25% to 30% at the same performance, a move aimed at easing data center energy constraints.
- Market estimates cited in recent coverage place TSMC near 65% of global foundry output and about 90% of advanced 3nm capacity, with key customers including Nvidia and AMD.