Taiwan Semiconductor Manufacturing Company Limited·Technology
Taiwan Semiconductor is rated a tactical buy with a $468 price target, reflecting an 18% upside from current levels before shifting to Hold/Avoid. TSM's near-term upside is driven by depreciation arbitrage, delayed High-NA EUV adoption, and Silicon Photonics, but capped by U.S. data center buildout delays and overseas margin dilution. Gross margin is expected to plateau at 66–67% due to overseas expansion, private energy costs, and multi-patterning throughput limits, challenging consensus forecasts of further margin expansion.

Gavin Baker, the tech investor whose track record gives him an audience whenever he sits down with Patrick O'Shaughnessy, floated a number on a recent podcast that should make anyone modeling NVIDIA's (NASDAQ:NVDA | NVDA Price Prediction) future do a double-take.

Artificial intelligence has become the new arms race for Big Tech, but the battle is no longer just about who has the smartest chatbot.

Taiwan's central bank plans to require foreign investors receiving U.S. dollar-denominated dividends from companies including TSMC to stick with one currency choice and not switch frequently, with authorities currently leaning toward allowing changes only once a year, three sources familiar with the matter said.

Tokyo Electron's Taiwan unit told Reuters in a written response on Thursday that it respects the judicial process, takes the court ruling seriously and will not appeal in the TSMC trade secret case.

Hedge fund manager Gavin Baker, founder and CIO of Atreides Management, offered a counterintuitive framing of the AI trade on a recent appearance on Patrick O'Shaughnessy's Invest Like the Best program.
Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others. The company also offers customer and engineering support services; manufactures masks; and invests in technology start-up companies; researches, designs, develops, manufactures, packages, tests, and sells color filters; and provides investment services. Its products are used in high performance computing, smartphones, Internet of things, automotive, and digital consumer electronics. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.