Taiwan Semiconductor’s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China’s Semiconductor Industry: Report

[Pelican Press 0]

This is the hidden content, please

• Sign In
• or
• Sign Up

Taiwan Semiconductor’s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China’s Semiconductor Industry: Report

Taiwan Semiconductor’s 2-Nm Breakthrough Puts Taiwan a Decade Ahead of China’s Semiconductor Industry: Report

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) has multiple reasons to celebrate; the latest is China’s comment on its technology moat.

National Science and Technology Council (NSTC) Minister Wu Cheng-wen said China lags behind Taiwan Semiconductor’s advanced technology semiconductor manufacturing by at least a decade, the Taipei Times

This is the hidden content, please

• Sign In
• or
• Sign Up

from a Legislative Yuan Education and Culture Committee meeting Monday.

Cheng-wen credited the Taiwanese contract chipmaker’s lead to its progress to 2 nanometers.

Also Read:

This is the hidden content, please

• Sign In
• or
• Sign Up

Prior reports indicated Taiwan’s three-year lead over China in chip manufacturing. Taiwan Semiconductor plans to commercialize 2-nm chips by 2025.

******** tech industry barometer Alibaba Group Holding (NYSE:BABA) has maintained Nvidia Corp’s (NASDAQ:NVDA) lead over domestic technology and

This is the hidden content, please

• Sign In
• or
• Sign Up

the U.S. chip designer.

This is the hidden content, please

• Sign In
• or
• Sign Up

that China urged its firms to tap domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and Huawei Technologies Co instead of Nvidia. China’s move marks retaliation against the U.S.’s advanced semiconductor embargo on the ****** counterpart, citing national security concerns.

Meanwhile, Taiwan Semiconductor continues to score wins as a critical supplier to Nvidia and

This is the hidden content, please

• Sign In
• or
• Sign Up

(NASDAQ:AAPL). Hyperscalars from

This is the hidden content, please

• Sign In
• or
• Sign Up

Corp (NASDAQ:MSFT) remain invested in

This is the hidden content, please

• Sign In
• or
• Sign Up

, signaling higher demand for Nvidia chips. The smartphone industry is also likely to recover, further helped by the integration of AI features.

Will Taiwan Semiconductor Stock Go Up?

When trying to assess whether or not Taiwan Semiconductor will trade higher from current levels, it’s a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $234.0 on Taiwan Semiconductor. The Street high target is currently at $250.0 and the Street low target is $210.0. Of all the analysts covering Taiwan Semiconductor, 5 have positive ratings, no one has neutral ratings and no one has negative ratings.

In the last month, no analysts have adjusted price targets. Here’s a look at recent price target changes

This is the hidden content, please

• Sign In
• or
• Sign Up

. Benzinga also tracks Wall Street’s most accurate analysts. Check out how analysts covering Taiwan Semiconductor have performed in recent history.

Stocks don’t move in a straight line. The average stock market return is approximately 10% per year. Taiwan Semiconductor is 71.05% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.

Story continues

For a broad overview of everything you need to know about Taiwan Semiconductor, visit

This is the hidden content, please

• Sign In
• or
• Sign Up

. If you want to go above and beyond, there’s no better tool to help you do just that than

This is the hidden content, please

• Sign In
• or
• Sign Up

. Start your free trial today.

Price Action: TSM stock is up 0.93% at $175.28 premarket at last check Tuesday.

Also Read:

Photo by Sundry Photography on Shutterstock

Up Next: Transform your trading with Benzinga Edge’s one-of-a-kind market trade ideas and tools.

This is the hidden content, please

• Sign In
• or
• Sign Up

that can set you ahead in today’s competitive market.

Get the latest stock analysis from Benzinga?

This article

This is the hidden content, please

• Sign In
• or
• Sign Up

originally appeared on

This is the hidden content, please

• Sign In
• or
• Sign Up

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

This is the hidden content, please

• Sign In
• or
• Sign Up

#Taiwan #Semiconductors #2Nm #Breakthrough #Puts #Taiwan #Decade #Ahead #Chinas #Semiconductor #Industry #Report

This is the hidden content, please

• Sign In
• or
• Sign Up

This is the hidden content, please

• Sign In
• or
• Sign Up