TSMC: Buy Status Vs. Rising Geopolitical Risks

Tanaonte Investment thesis We have covered TSMC (NYSE:TSM) stock before, and as we expected, our revenue distribution expectations were met. Revenues from the HPC segment represented 52% of the Company's revenues (+6 p.p. QoQ), while revenues from the Smartphone segment declined to 33% of the Company's revenues (-5 p.p. QoQ). The growth rate of demand for the company's advanced chips exceeded our expectations, so the company's actual revenue was higher than our forecast. In general, it is worth noting t ...