[TSMC Rated as Top Pick by Morgan Stanley] Taiwan Semiconductor Manuf

Published: Aug 9, 2024 18:11

Save

[TSMC Rated as Top Pick by Morgan Stanley]

Taiwan Semiconductor Manufacturing Company (TSM.N) has been named as the top pick by Morgan Stanley due to the bank's view that the company's valuation after recent weakness in its share price is highly attractive. Analyst Charlie Chan from the bank wrote, "We are bullish on TSMC's quality and defensive nature amidst a prolonged semiconductor downturn. Confirmation of price hikes and continued robust AI capital expenditures should be key catalysts." She also added that TSMC should be able to achieve a gross margin of over 55% by 2025 and gradually approach 60% in the 2028-2030 period after achieving economies of scale at its overseas fabs. Currently, TSMC's share price has declined by over 20% from its July peak.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14

Feb 6, 2026 11:59

The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend [SMM Tin Midday Review]

[SMM Tin Midday Review: The Most-Traded SHFE Tin Contract Opened Lower and Then Traded Stronger, Spot Market Recovers Amid Downtrend]

Feb 6, 2026 11:59

Feb 6, 2026 08:49

The most-traded SHFE tin contract fluctuated rangebound during the night session, with downstream enterprises mostly following up with small-lot transactions. [SMM Tin Morning Brief]

[SMM Tin Morning Brief: The Most-Traded SHFE Tin Contract Fluctuated Rangebound During the Night Session, Downstream Enterprises Mostly Followed Up with Small-Lot Transactions]

Feb 6, 2026 08:49