Taiwan Semiconductor Sees Boost from 3nm and 5nm Nodes, Analyst Highlights Q3 Outlook

Loading...Loading...Needham analyst Charles Shi reiterated a Buy rating on Taiwan Semiconductor Manufacturing Co TSM with a price target of $210.Shi said Taiwan Semiconductor reported fiscal 2024 second-quarter results, with revenue of$20.82 billion and earnings per ADS of $1.48, beating consensus estimates on both the top and bottom lines.Taiwan Semiconductor’s performance can be attributed to strong demand for both the 3nm and 5nm nodes, which contributed 15% and 35% of total wafer revenue for the quarte ...