Its new Arizona plant just posted an impressive result. Taiwan Semiconductor Manufacturing (TSM 1.16%) is one of the most powerful companies in the globe. It's the world's biggest contract manufacturer, handling production for some of the most important tech companies like Apple, Nvidia, Broadcom, and Advanced Micro Devices. The company dominates the market in third-party chip manufacturing with an estimated market share of 62% -- and around 90% for advanced chip manufacturing. As a result, TSMC is a linchp ...

Core Viewpoint - The article discusses the investment position of Parkev Tatevosian, CFA, and mentions the involvement of The Motley Fool with Taiwan Semiconductor Manufacturing, highlighting potential investment opportunities in the semiconductor industry [1] Group 1 - Parkev Tatevosian has no position in any of the stocks mentioned, indicating a neutral stance on the specific stocks discussed [1] - The Motley Fool has positions in and recommends Taiwan Semiconductor Manufacturing, suggesting a positive outlook on the company's performance and potential growth [1] - The Motley Fool has a disclosure policy, which emphasizes transparency regarding its investment positions and recommendations [1]

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Core Viewpoint - TSMC faces significant challenges due to U.S. regulatory crackdowns on advanced chip sales to China, impacting investor sentiment despite the company's strong financial performance [2][3][5] Group 1: Company Challenges - Founder Morris Chang highlighted that TSMC is encountering its "most severe" challenges in achieving growth amid U.S. restrictions on advanced AI chip sales to China [2] - Chang stated that the "free trade of semiconductors, particularly the most advanced semiconductors, has died," indicating a shift in the competitive landscape [3] - TSMC has suspended shipments to Chinese chip company Sophgo after advanced processors were found in Huawei products, reflecting the regulatory pressures [3] Group 2: Positive Developments - CEO C.C. Wei expressed optimism about TSMC's semiconductor facility in Arizona, stating it is "progressing well" and reaffirming confidence in the company's technological leadership [4] - Despite regulatory challenges, TSMC reported third-quarter revenue of $23.5 billion, a 36% year-over-year increase, and earnings per share rose by 54% [5] - TSMC anticipates continued growth, guiding for revenue of $26.5 billion, representing a 35% year-over-year increase [5] Group 3: Market Position - TSMC produces approximately 90% of the world's most advanced processors, positioning the company favorably for AI-driven growth [6] - The company's stock is considered attractively priced at 27 times next year's growth, suggesting potential for investment [6]

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about TSMC (TSM) . TSMC currently has an average brokerage recommendation (ABR) of 1.30, on a scale ...

Core Insights - The Australia Total Spend Management (TSM) Market is projected to grow from USD 303 million in 2023 to USD 459 million by 2029, reflecting a Compound Annual Growth Rate (CAGR) of 7.01% [2][10]. Market Drivers - Technological innovations such as cloud computing, artificial intelligence, and advanced data analytics are enhancing decision-making and operational efficiencies, driving market expansion [3]. - The focus on cost efficiency is increasing the demand for TSM solutions, as businesses seek to optimize procurement, spend analysis, and contract management [4]. - Stringent regulatory compliance and governance mandates are necessitating transparent spend management, further propelling the growth of the TSM market [5]. Market Challenges - Data integration complexity and resistance to change within organizations are significant challenges that the TSM market must navigate [6]. Regional Insights - New South Wales (NSW) holds the largest market share in the TSM sector, attributed to its status as a financial hub and the concentration of corporate activities [7]. Key Players - Major companies in the TSM landscape include SAP SE, Oracle Corporation, IBM Corporation, and others, which are focused on delivering comprehensive TSM solutions [8][11]. Market Outlook - The continuous growth of the TSM market in Australia indicates a rising need for organizations to optimize expenditures and enhance financial control, supported by advanced technologies [9].

海外行业报告 | 行业动态研究 营收净利润超预期，AI 需求强劲 事件： 台积电 2024 年 Q3 营收 235 亿美元，高于公司指引上限（224-232 亿美元）， 超越彭博一致预期（233 亿美元）；毛利率 57.8%，超越公司指引上限 （53.5%-55.5%），超越彭博一致预期（54.8%）；营业利润率 47.5%，超越彭 博一致预期（44.6%）；净利润 100.7 亿美元，同比增长 54.2%，超越彭博一 致预期 92.9 亿美元。 分制程看：3 纳米出货量占晶圆总收入的 20%；5 纳米占 32%；7 纳米占 17%。 先进技术占晶圆总收入占比由上季度 67%提升到 69%。台积电表示智能手机 和 AI 相关需求强劲，推动了 3 纳米和 5 纳米制程技术整体产能利用率；预 计服务器人工智能处理器的收入贡献今年将增长两倍以上，并在 2024 年占 总收入的 15%左右（mid-teens percentage）。 分业务看：分业务看：HPC（高性能计算）平台的收入占比最高，为 51%， 环比增长 11%；智能手机平台占比 34%，环比增长 16%；IoT 占比 7%，环比 增长 35%；汽车业务 ...

Core Insights - Nvidia has experienced a remarkable 32,600% increase in stock value over the past decade, significantly outperforming the S&P 500's 207% gain, making it a "millionaire-maker" stock for long-term investors [1] - TSMC is positioned as a strong alternative investment in the semiconductor space, particularly for those seeking exposure to the AI boom, as it plays a critical role in chip manufacturing for major companies [2][3] Nvidia's Performance - Nvidia's stock has surged due to its central role in the AI revolution, with its GPUs being essential for training and deploying AI models [2] - The company currently trades at a high valuation of 65 times earnings and 36 times sales, which may deter some investors [2] TSMC's Market Position - TSMC is the world's largest semiconductor foundry, serving major clients like Apple, Nvidia, and Qualcomm, and has a customer base of 528, producing nearly 12,000 products across various markets [3][4] - TSMC's revenue for Q3 2024 reached $23.5 billion, a 36% year-over-year increase, with net profit rising 54% to $10.1 billion, driven by demand for advanced chip nodes [4] Advanced Technology and Future Growth - TSMC's advanced-process nodes (7nm or smaller) accounted for 69% of total revenue, with the 3nm node contributing 20% of revenue, indicating strong adoption of cutting-edge technology [4][5] - The company is developing 2nm technology, expected to enhance its product offerings and growth potential [5] Market Share and Financial Outlook - TSMC holds a dominant 62% market share in the global semiconductor foundry market, significantly ahead of Samsung's 11% [6] - The company forecasts Q4 revenue of $26.5 billion, representing a potential 35% increase, with an operating margin of 47.5% [6] Industry Growth Potential - The global semiconductor market is projected to grow from $729 billion in 2022 to $1.47 trillion by 2030, with the foundry market expected to rise from $122 billion to $276 billion by 2033 [7] - TSMC's new Foundry 2.0 business model has expanded its addressable market from $115 billion to $250 billion, indicating sustained growth potential [7] Revenue Estimates and Valuation - Analysts predict TSMC will achieve $89.3 billion in revenue for 2024, a 28% increase from the previous year, with upward revisions in revenue estimates expected [8][9] - TSMC is currently trading at 35 times trailing earnings and 25 times forward earnings, making it a more attractive investment compared to Nvidia [9] Historical Performance - TSMC's stock has increased over nine times in the past decade, suggesting potential for similar future performance [10]

AI-related chip demand has far outpaced expectations. Taiwan Semiconductor Manufacturing (TSM 2.78%) has been on fire recently. After the company reported Q3 results on Oct. 17, the stock jumped 10% on the strength of the business. A pop like this may discourage some investors from buying Taiwan Semi stock because they think they've missed the boat. However, that's far from the case, as there are still multiple strong reasons to buy the stock, even after the market's reaction to earnings. New technology wil ...

2024 年 10 月 20 日 公司点评 台积电 (TSM) 台积电 24Q3 业绩简评：超指引上限，智能手机+AI 需求强劲 证券分析师：李珏晗 E-MAIL：lijuehan@tpyzq.com 分析师登记编号：S1190523080001 太 平 洋 证 券 股 份 有 限 公 司 证 券 研 究 报 告 事件：公司于 2024 年 10 月 17 日发布 2024 年三季度财报，三季度 单季度实现营业收入 235 亿美元，同比增长 36%；三季度单季度实现毛利 率 57.8%，同比增加 3.5pct；三季度单季度实现归母净利润 101 亿美元， 同比增长 51%。 Q3 收入及毛利率超出此前指引上限，受益智能手机+AI 需求爆发。 公司 24Q3 营业收入 235 亿美元，同比增长 36%，环比增长 12.9%，超过此 前指引 224-232 亿美元，主要受益于 AI 及智能手机对 3nm、5nm 的需求增 长；毛利率 57.8%，同比增加 3.5pct，环比增加 4.6pct，超过此前指引 53.5%-55.5%，主要由于产能利用率持续攀升，叠加成本端优化。 Q3 HPC 及智能手机环比增长，3n ...