Key PointsUnited Microelectronics is a contract chip maker (wafer foundry) based out of Taiwan.The company makes high-volume, low-end mature processing chips for Texas Instrument, Broadcom, Qualcomm and Cisco Systems.United Microelectronics shares are trading at 12.1X forward earnings.5 stocks we like better than United MicroelectronicsThanks to the artificial intelligence (AI) trend, the semiconductor industry has been on fire. Semiconductor stocks within the computer and technology sector are benefactors. ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) is scheduled to report first-quarter 2024 results on Apr 18.For the first quarter, TSM anticipates revenues between $18 billion and $18.8 billion. The Zacks Consensus Estimate for the same is pegged at $18.38 billion, suggesting growth of 9.96% from the year-ago quarter’s reported figure.The consensus mark for first-quarter earnings is pegged at $1.29 per share, indicating a decline of 1.5% from the prior-year reported figure. The consensus estimate has ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about TSMC (TSM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.TSMC currently has an average brokerage recomme ...

This stock allows investors to tap the fast-growing AI chip market at a reasonable valuation.Buying an artificial intelligence (AI) stock that's trading at an attractive valuation and is growing at an impressive pace might seem difficult right now considering that companies in a position to take advantage of this technology have witnessed a rapid jump in their share prices in the past year or so.Nvidia, for instance, is trading at 71 times trailing earnings, though the good part is that the chipmaker has be ...

The Taiwan Semiconductor Manufacturing Company (NYSE: TSM), having seen a significant rise in 2024, is set to publish its earnings report for the first quarter of the year on April 18.The microchip manufacturer finds itself in an odd position given that the analysts’ earnings-per-share (EPS) outlook hints at bearish expectations given that it is set at $1.29 – lower than the $1.31 in the same period one year earlier, and below the $1.44 in the final trimester of 2023.This might appear odd given TSMC’s cruci ...

Key TakeawaysTaiwan Semiconductor Manufacturing Company said that revenue in March jumped 34% from the year-ago month. Quarterly revenue increased 17%, coming in higher than analysts' expectations.TSMC has seen an increase in demand for its semiconductors due to the boom in demand for artificial intelligence products and rising crypto prices.The company's stock, which was already trending upward this week after it announced it would receive up to $6.6 billion in direct federal funding to expand a facility i ...

Taiwan Semiconductor Manufacturing (TSM) on Wednesday topped expectations for first-quarter sales thanks to booming demand for artificial intelligence chips. But TSM stock wavered on the news.X The world's largest chip foundry, better known as TSMC, said its March-quarter sales rose 16.5% year over year in local currency. Analysts had been looking for a 13.9% increase in revenue.TSMC generated the equivalent of $18.86 billion in March-quarter sales, vs. estimates for $18.26 billion. In the year-earlier peri ...

In this articleTSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips.TSMC said March revenue came in at 195.2 billion new Taiwan dollars ($6.1 billion), up 34.3% year-on-year — marking the fastest pace of growth since November 2022.The company's first-quarter r ...

Pre-market futures are up this morning. There is no real news on which market opinion to pivot, but slightly bullish sentiment looks to be gathering ahead of tomorrow’s Consumer Price Index (CPI) report, which is expected to come in +3.5% on the Inflation Rate (headline CPI year over year) and +3.7% on core CPI year over year. Last week’s Jobs Report was stronger than expected, so sandwiched in between these two major economic metrics, investors apparently feel pretty good about where they are.We’re only a ...