Taiwan Semiconductor Manufacturing Company Limited (TSMC for short) is one of the largest semiconductor manufacturers in the world. 90% of advanced semiconductors are produced in the field of artificial intelligence and quantum computing.
TSMC's products cover a variety of fields, including computer, communication, consumer electronics, automotive, artificial intelligence and cloud computing, etc. The company's advanced process technology and highly automated production equipment enable it to produce high-performance, highly integrated chip products. TSMC's chips are used in a wide variety of applications including smartphones, tablet PCs, TVs, game consoles, networking equipment, automotive electronics and artificial intelligence chips. TSMC, also a major supplier of chips for Nvidia, saw sales beat expectations, boosted by increased demand for artificial intelligence applications. TSMC's revenue in the second quarter was NT$480.8 billion (about US$15.3 billion), which beat expectations, although it was down 10 percent from a year earlier. Sales in June reached NT$156.4 billion.
TSMC is a key player in the semiconductor industry, supplying chips to major companies including Apple, Nvidia, Broadcom, Qualcomm and AMD. According to a report by foreign media Hardwaretimes, NVIDIA CEO Jensen Huang has confirmed that this next-generation graphics card GPU will be manufactured by TSMC. Despite its leadership in the industry, TSMC's valuation is attractive compared to its peers. Although the revenue growth outlook for artificial intelligence chips is weaker, and geopolitical risks also make investors cautious, analysts predict that TSMC's revenue and gross margin will recover, mainly due to high-performance computing, consumer electronics, artificial intelligence and the growth of the automotive industry. This is mainly due to the growth of the high-performance computing, consumer electronics, artificial intelligence and automotive industries. TSMC's price action shows a medium-term uptrend, supported by pullback buyers, but a resistance area at $110 may hinder further gains. TSMC (US Stock: TSM) will have company financial statements on July 20, and the RSI is already very high. I believe the stock price will be more volatile, but $100 will be a good support level.
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