Ultime notizie per Taiwan Semiconductor (NYSE:TSM) Azioni

Taiwan Semiconductor

Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the us in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.

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Taiwan Semiconductor segna una crescita record grazie alla domanda di chip AI e iPhone, con prospettive brillanti per il futuro.

Rally di Taiwan Semiconductor: i dati segnalano un futuro brillante

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Taiwan Semiconductor Manufacturing Company Ltd.

Taiwan Semiconductor Manufacturing Co Ltd

Tesmec SpA

Thrivent ETF Trust Thrivent Small-Mid Cap ESG ETF

Tsumura & Co

GraniteShares 2x Long TSM Daily ETF

TAIWAN SEMICNDCTR MFG by Taiwan Semiconductor Manufacturing Co. Ltd.

Direxion Daily TSM Bull 2X Shares

Tidal Trust II YieldMax TSM Option Income Strategy ETF

Direxion Daily TSM Bear 1X Shares

Whales with a lot of money to spend have taken a noticeably bearish stance on Taiwan Semiconductor.
Looking at options history for Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) we detected 48 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 47% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $267,223 and 44, calls, for a total amount of $2,337,693.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $310.0 for Taiwan Semiconductor over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Taiwan Semiconductor's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Taiwan Semiconductor's whale trades within a strike price range from $75.0 to $310.0 in the last 30 days. 
<h3>Taiwan Semiconductor Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733507150_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$20.5</td>
<td>$20.25</td>
<td>$20.35</td>
<td>$190.00</td>
<td>$203.5K</td>
<td>7.3K</td>
<td align="right">122</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$100.6</td>
<td>$98.85</td>
<td>$98.85</td>
<td>$110.00</td>
<td>$148.2K</td>
<td>1.0K</td>
<td align="right">15</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/03/25</td>
<td>$14.25</td>
<td>$13.85</td>
<td>$14.23</td>
<td>$190.00</td>
<td>$113.9K</td>
<td>142</td>
<td align="right">160</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$112.85</td>
<td>$111.95</td>
<td>$111.95</td>
<td>$100.00</td>
<td>$111.9K</td>
<td>445</td>
<td align="right">10</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$2.22</td>
<td>$2.17</td>
<td>$2.17</td>
<td>$197.50</td>
<td>$108.5K</td>
<td>246</td>
<td align="right">520</td>
</tr>
</tbody>
</table>

<h3>About Taiwan Semiconductor</h3>
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the us in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
<h3>Present Market Standing of Taiwan Semiconductor</h3>
<ul>
<li>Currently trading with a volume of 4,573,451, the TSM's price is down by -1.61%, now at $201.02. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>Professional Analyst Ratings for Taiwan Semiconductor</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $240.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Taiwan Semiconductor, maintaining a target price of $240. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Taiwan Semiconductor, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Behind the Scenes of Taiwan Semiconductor's Latest Options Trends

SinoPac Financial Holdings chief economist Jack Huang expects chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to grow its business by 20% in 2025. 
What Happened: Huang <a href="https://www.taipeitimes.com/News/biz/archives/2024/12/06/2003828030" target="_blank" rel="noreferrer noopener">said</a> Wednesday that Taiwan Semiconductor could also be pivotal to an expected Taiex rally in the first half of 2025.
Taiex is the benchmark weighted index on the Taiwan Stock Exchange (TWSE).
Taiwan Semiconductor will continue to capitalize on the demand frenzy for electronics used in artificial intelligence (AI) applications, leading to the surge in the Taiwanese stock index.
Also Read: <a href="https://www.benzinga.com/24/12/42299694/intels-new-ceo-change-unlikely-to-help-gain-traction-versus-taiwan-semi-nvidia-analysts-say" target="_blank" rel="noreferrer noopener">Intel&#8217;s New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts</a>
Huang told the Taipei Times that he expects a 2025 GDP growth of 2.96% for Taiwan, factoring in global economic uncertainties as US President-elect Donald Trump takes charge and implements the tariffs.
Sharon Lin of SinoPac Securities shares a similar sentiment, expecting tariffs to fuel inflation and dampen the chances of a US Fed rate cut in 2025.
SinoPac Financial expects the US dollar to hold up despite Trump&#8217;s protectionist practices, which are a tailwind for export-oriented economies, including Taiwan.
Reportedly, Taiwan Semiconductor accounts for 36% of <a href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist">Taiwan's index weighting</a>.
<a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">Recent reports indicated</a> Taiwan Semiconductor is considering producing the front-end process of Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell AI chips at the contract chipmaker&#8217;s Arizona plant. Taiwan Semiconductor&#8217;s current Arizona plant customers include&nbsp;Apple&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Taiwan Semiconductor is expanding its footprint beyond its hometown to help countries consolidate their semiconductor supply chain and reduce dependence on China. However, the chipmaker insists on maintaining its hometown&#8217;s key advanced production facilities.
Investors can gain exposure to the semiconductor index through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM stock is down 1.02% at $202.21 at last check Friday.
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Image: Shutterstock

iShares PHLX SOX Semiconductor Sector Index Fund

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Chipmaker Taiwan Semiconductor Should See Business Grow 20% Fueled By AI Demand: Analyst

On Thursday, Italian startup iGenius announced partnering with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to build a <a target="_blank" href="https://www.igenius.ai/press-releases/ai-supercomputer-colosseum" rel="noreferrer noopener">massive data center</a> in southern Italy by mid-2025. The center will feature close to 80 of Nvidia&#8217;s advanced servers.
iGenius aims to develop open-source AI solutions for secure industries, including financial services, healthcare, and the public sector, leveraging Nvidia&#8217;s software tools.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42347647/nvidia-partners-with-vietnam-government-to-develop-advanced-ai-and-more" rel="noreferrer noopener">Nvidia Partners With Vietnam Government To Develop Advanced AI And More</a>
iGenius is building a data center to accommodate 80 of Nvidia&#8217;s most powerful servers, called GB200 NVL72 machines, each with 72 of Nvidia&#8217;s Blackwell chips in them, Reuters reports.
iGenius CEO Uljan Sharka told Reuters that the European AI startup, valued at over $1 billion, has raised&nbsp;650 million euros&nbsp;so far in 2024 and is taking on additional capital for the AI computing system, &#8220;Colosseum.&#8221;
The iGenius Colosseum supercomputer features&nbsp;Nvidia DGX GB200&nbsp;systems containing thousands of Nvidia Grace Blackwell Superchips.
iGenius will use the Colosseum supercomputer to build advanced AI applications, including training open-source generative AI and trillion-plus-parameter large language models.
The Colosseum will be located in Europe and features liquid cooling.
It will likely deliver 115 exaflops of computational performance, powered by renewable energy from Italy.
Colosseum will collaborate with Nvidia to develop AI models to support financial consulting, patient services, and government planning.
Built with the&nbsp;Nvidia AI Enterprise&nbsp;software platform, Nvidia Nemotron models, and the&nbsp;Nvidia NeMo&nbsp;framework, the iGenius AI models will be offered as&nbsp;Nvidia NIM&nbsp;microservices.
iGenius plans to offer customers the option to deploy the models and microservices as fully managed applications, including cloud-based or on-premises Nvidia accelerated computing.
Blackwell chips are Nvidia&#8217;s most eagerly awaited graphics processing units (GPUs). Oppenheimer&nbsp;analyst Rick Schafer projected <a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">several billion dollars</a> in revenue from Blackwell for the January quarter.
Schafer flagged investors modeling 5 million—6 million Blackwell GPUs in 2025.
Reportedly, Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is <a target="_blank" href="https://www.benzinga.com/24/12/42336825/nvidia-could-become-taiwan-semis-3rd-us-plant-customer" rel="noreferrer noopener">weighing production</a> of the front-end process of Blackwell chips at its Arizona plant.
Nvidia stock is up over 201% year-to-date due to the AI frenzy. Investors can gain exposure to the stock through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and Grizzle Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DARP#NYSE">DARP</a>).
Price Actions:&nbsp;NVDA stock closed lower by 0.26% at $144.64 premarket at the last check on Friday.
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AI Startup iGenius Taps Nvidia For AI Data Center In Italy Leveraging Blackwell Chips

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has appointed semiconductor industry veterans Eric Meurice and Steve Sanghi to its board of directors, the company announced Thursday, as it navigates through significant leadership transitions and market challenges.
What Happened: The appointments come days after CEO Pat Gelsinger&#8216;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door">reportedly forced departure</a>, due to the board&#8217;s frustration with his turnaround efforts. 
Under Gelsinger&#8217;s leadership, Intel&#8217;s stock declined over 56% year-to-date as the company struggled to compete with rivals like NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Manufacturing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Meurice, who led ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) from 2004 to 2013, oversaw a five-fold increase in the company&#8217;s market value and established the Customer Co-Investment Program, which included Intel&#8217;s investment in next-generation lithography technologies. 
Sanghi served as CEO of Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) for 30 years, during which the company achieved 121 consecutive profitable quarters and grew from a $10 million to $44 billion market value.
&#8220;Eric and Steve bring valuable perspectives as successful CEOs with proven track records,&#8221; said Frank Yeary, Intel&#8217;s interim executive chair, in the company&#8217;s press release.
See Also: <a href="https://www.benzinga.com/24/12/42356192/tim-cook-breaks-silence-on-defying-steve-jobs-design-philosophy-with-the-iphone-16s-camera-button-vision-pro-sales-airpods-disrupting-hearing-aids-and-whether-hell-lead-apple-into-the-next-era">Tim Cook Explains Why Apple Defied Steve Jobs&#8217; Design Philosophy With the iPhone 16&#8217;s Camera Button, Touches On Retirement Plans: &#8216;I&#8217;ll Do It Until…&#8217;</a>
Why It Matters: Currently, Intel is searching for a permanent CEO to replace Gelsinger. Recent reports suggest that former board member Lip-Bu Tan, known for his successful tenure at Cadence Design Systems Inc., is <a href="https://www.benzinga.com/24/12/42299694/intels-new-ceo-change-unlikely-to-help-gain-traction-versus-taiwan-semi-nvidia-analysts-say">among the candidates being considered</a>.
The appointments come as Intel works to regain its competitive edge in the semiconductor industry, particularly in AI-centric computing, while managing its manufacturing transformation and foundry business development.
Price Action: Intel&#8217;s stock closed at $20.80 on Thursday, down 5.28% for the day. In after-hours trading, the stock gained 0.15%. Year-to-date, Intel&#8217;s stock has dropped by 56.49%.
According to <a href="https://www.benzinga.com/quote/INTC/analyst-ratings">data from Benzinga Pro</a>, Intel has a consensus price target of $30.23, with a high of $66 and a low of $20. The most recent ratings from BofA, Northland Capital Markets, and Mizuho suggest an average target of $24, implying a 15.22% upside.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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MCHP

Intel Shakes Up Board With ASML And Microchip Technology Veterans Amid CEO Transition

Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) launched its 3.5D eXtreme Dimension System in Package (XDSiP) technology, enabling consumer AI customers to develop <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42339240/broadcom-delivers-industrys-first-3-5d-f2f-technology-for-ai-xpus" rel="noreferrer noopener">advanced accelerators (XPUs)</a>.
Notably, Broadcom introduced the industry's first Face-to-Face (F2F) 3.5D XPU.
The platform integrates over 6000 mm² of silicon and up to 12 high-bandwidth memory stacks in a single package for efficient, low-power AI computing.
Broadcom's 3.5D XDSiP platform enhances interconnect density and power efficiency with its Face-to-Face (F2F) stacking. This method directly links the top metal layers of stacked dies, ensuring dense, low-interference connections with strong mechanical reliability.
The platform includes proprietary IP and design flow for efficient, correct-by-construction 3D stacking of power, clock, and signal interconnects.
Frank Ostojic, Senior Vice President and General Manager, ASIC Products Division, Broadcom said, "Advanced packaging is critical for next generation XPU clusters as we hit the limits of Moore's Law. In close collaboration with our customers, we have created a 3.5D XDSiP platform on top of the technology and tools from TSMC and EDA partners."
"By stacking chip components vertically, Broadcom's 3.5D platform enables chip designers to pair the right fabrication processes for each component while shrinking the interposer and package size, leading to significant improvements in performance, efficiency, and cost."
"TSMC and Broadcom have collaborated closely over the past several years to bring together TSMC's most advanced logic processes and 3D chip stacking technologies with Broadcom's design expertise," stated Dr. Kevin Zhang, Senior Vice President of Business Development &amp; Global Sales and Deputy Co-COO, Taiwan Semiconductor Manufacturing Company.&nbsp;
This month, the company expanded its multi-year partnership with Telia Company to advance Telia's modernization and transformation of telecom and cloud infrastructure&nbsp;<a target="_blank" href="https://www.benzinga.com//node/41739196" rel="noreferrer noopener">using VMware's product portfolio</a>.
Investors can gain exposure to the stock via&nbsp;Direxion Daily AVGO Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVL#NASDAQ">AVL</a>) &nbsp;and&nbsp;Columbia Semiconductor and Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SEMI#NYSE">SEMI</a>).
Price Action: AVGO shares are up 0.47% at $171.37 at the last check on Thursday.
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What's Going On With Broadcom Stock On Thursday?

Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) interim co-CEO David Zinsner said he expects the next chief to have <a target="_blank" href="https://www.benzinga.com/topic/intel" rel="noreferrer noopener">manufacturing and product</a> expertise Reuters cites from the UBS technology conference on Wednesday.
Zinsner&#8217;s comments came after CEO Pat Gelsinger quit on Monday, failing to impress the board with his turnaround efforts.
Intel stock is down over 54% year-to-date as it failed to tap technological shifts, including a shift to mobile devices and AI-centric computing akin to Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
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<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05035202/newplot-3.png" alt="" class="wp-image-678175" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05035202/newplot-3.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/05035202/newplot-3-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Zinsner said Intel&#8217;s &#8220;core strategy&#8221; and outlook regarding the future of its PC and server business remain intact. The company continues to expect <a target="_blank" href="https://www.benzinga.com/markets/equities/24/11/41681685/intel-shares-surge-in-premarket-after-q3-results-whats-going-on" rel="noreferrer noopener">fourth-quarter revenue</a> of $13.30 billion—$14.30 billion versus guidance of $13.81 billion.
The chipmaker had named CFO David Zinsner and general manager of Intel&#8217;s Client Computing Group Michelle Johnston Holthaus <a target="_blank" href="https://www.benzinga.com/24/12/42299694/intels-new-ceo-change-unlikely-to-help-gain-traction-versus-taiwan-semi-nvidia-analysts-say" rel="noreferrer noopener">as interim co-CEOs</a> while the board hunted for a new CEO.
The company&#8217;s list of potential candidates includes former director Lip-Bu Tan who reportedly left the company after differences with Gelsinger.
Intel&#8217;s head of foundry manufacturing and supply chain, Naga Chandrasekaran, emphasized the need for cultural change to become a successful foundry and semiconductor player. He expects Intel to offer samples of chips made with the new node in the first half of 2025.
Zinsner expects Intel&#8217;s foundry business to note better margins by 2025, mainly due to its Lunar Lake processors.
Truist Securities analyst William Stein and Benchmark&nbsp;analyst Cody Acree&nbsp;do not expect a management change to move the needle for Intel, which lagged behind Taiwan Semiconductor in manufacturing capacity and needed to include the AI accelerator opportunity. However, the potential breakup of Intel&#8217;s products and foundry business would deprive shareholders, and the separation of the foundry business could imply Intel parting with the $7.8 billion of CHIPS Act funding, as per the analysts.
Investors can gain exposure to Intel through First Trust Nasdaq Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXL#NASDAQ">FTXL</a>) and REX FANG &amp; Innovation Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEPI#NASDAQ">FEPI</a>).
Price Action: INTC stock closed lower by 3.79% at $21.13 at the last check on Wednesday.
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FEPI

FTXL

Intel Interim Co-Chief Expects CEO To Have Foundry Background, Stands By Forecast

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)&nbsp;and Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;are exploring production of the front-end process of Blackwell artificial intelligence chips at the former Arizona plant, Reuters cites familiar sources.
Taiwan Semiconductor has so far manufactured Nvidia's Blackwell chips in its Taiwan facilities, where its chip-on-wafer-on-substrate (CoWoS) capacity exists.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42296590/zjk-industrial-surges-after-nvidia-ai-server-deal" rel="noreferrer noopener">ZJK Industrial Surges On Nvidia Liquid Cooling Collaboration (UPDATED)</a>
Therefore, it must ship the Blackwell chips back to Taiwan for packaging, which renders Nvidia vulnerable to U.S. geopolitical tensions with China.
For context, China continued threats and military <a target="_blank" href="https://www.benzinga.com/government/24/07/39857131/ai-chip-stocks-nvidia-amd-taiwan-semi-saw-a-selloff-this-week-whats-going-on" rel="noreferrer noopener">exercises around Taiwan</a>. Meanwhile, most of Taiwan Semiconductor's production capacity is based in Taiwan.
The key Nvidia supplier targets mass production of the Blackwell chips in early 2025.
Taiwan Semiconductor's current Arizona plant customers reportedly include Apple&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;and Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>).
Earlier this week, Amazon.Com Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) cloud unit claimed that it could <a target="_blank" href="https://www.benzinga.com/markets/24/12/42325881/amazon-takes-on-nvidia-with-cheaper-ai-supercomputers-servers" rel="noreferrer noopener">connect more chips</a> than Nvidia and could train some AI models at a 40% discount to Nvidia chips.
Amazon Web Services showcased its data center servers embedded with its AI&nbsp;chips, dubbed Trn2 UltraServers. These servers target&nbsp;Nvidia's flagship server, which is packed with the latest Blackwell chips.
Amazon also disclosed that it is building artificial intelligence&nbsp;supercomputers in collaboration with Anthropic, which will feature Amazon's latest AI training chip, Trainium 2. Previous reports claimed Nvidia's production challenges of Blackwell chips hampered AWS' data center plans.
Despite production challenges, Oppenheimer&nbsp;analyst Rick Schafer&nbsp;projected <a target="_blank" href="https://www.benzinga.com/24/11/42005107/nvidia-set-for-gains-from-ai-cloud-demand-blackwell-launch-and-data-center-expansion-analyst-notes" rel="noreferrer noopener">several billion dollars</a> in revenue from Blackwell for the January quarter. He noted investors are modeling between 5 and 6 million Blackwell GPUs in 2025.
Nvidia stock has surged over 201% year-to-date. Taiwan Semiconductor stock gained 98%.
Investors can gain exposure to Nvidia through ProShares Ultra Semiconductors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USD#NYSE">USD</a>) and EA Series Trust Strive U.S. Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>).
Price Actions:&nbsp;NVDA stock traded lower by 0.02% at $145.10 premarket at the last check on Thursday. TSM is up 0.37%.
Also Read:
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<li><a href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" target="_blank" rel="noreferrer noopener">Taiwan Semi Supplier ASML Reiterates Outlook As Biden's Latest Semiconductor Embargo On China Kicks In</a></li>
</ul>
Photo courtesy of Nvidia

AMZN

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

Nvidia Could Become Taiwan Semi's Third US Plant Customer, But With A Catch

<a href="https://www.reuters.com/technology/tsmc-talks-with-nvidia-ai-chip-production-arizona-sources-say-2024-12-05/" title="https://www.reuters.com/technology/tsmc-talks-with-nvidia-ai-chip-production-arizona-sources-say-2024-12-05/">https://www.reuters.com/technology/tsmc-talks-with-nvidia-ai-chip-production-arizona-sources-say-2024-12-05/</a>

Reuters Reported Earlier Taiwan Semiconductor Is In Talks With Nvidia To Produce Its Blackwell Artificial Intelligence Chips TSM's Arizona Plant

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), along with other chip stocks, are trading higher Wednesday in sympathy with Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) bearing testimony to the interconnectivity of the semiconductor ecosystem.
On Tuesday, Marvell reported upbeat third-quarter results. The quarterly revenue grew 7% to $1.52 billion, topping the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42302752/marvell-technology-stock-climbs-after-better-than-expected-q3-results-strong-q4-guidance" rel="noreferrer noopener">consensus estimate of $1.46 billion</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42301391/marvell-reveals-latest-offering-to-scale-accelerated-infrastructure" rel="noreferrer noopener">Marvell Unveils New Platform, Targets Growing AI Bandwidth Demands</a>
This demonstrates the growing demand for the company&#8217;s custom artificial intelligence silicon programs. EPS of 43 cents surpassed the analyst consensus estimate of 41 cents.
Marvell expects fourth-quarter revenue of $1.8 billion, plus or minus 5%, compared to the $1.65 billion consensus estimate. The company projected an EPS of 59 cents, plus or minus five cents, versus the 52-cent estimate.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stocks traded higher on Wednesday.
The semiconductor sector also received a boost from Amazon.Com Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) artificial intelligence offerings, which the company showcased at its latest annual event.
The company aimed Nvidia&#8217;s turf with the latest <a target="_blank" href="https://www.benzinga.com/24/12/42309656/amazon-unleashes-powerful-ai-chip-clusters-to-supercharge-anthropics-models-while-challenging-nvidia-and-openais-dominance" rel="noreferrer noopener">advanced AI chip&nbsp;clusters</a>, deploying hundreds of thousands of co-developed Trainium2&nbsp;semiconductors into clusters, significantly boosting Anthropic&#8217;s processing power. Amazon introduced the&nbsp;Nova models, which generate text, images, and video.
Additionally, the semiconductor sector is also trying to gauge the repercussions of the Biden administration&#8217;s third <a target="_blank" href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" rel="noreferrer noopener">semiconductor sanctions against China</a>, which prompted some chip companies to introspect their outlook.
Investors can gain exposure to the semiconductor sector through VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: NVDA stock is trading higher by 2.13% to $143.29 on Wednesday. ARM is up 1.15%, AVGO is up 0.52%.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/12/42313987/foot-locker-cuts-outlook-on-soft-consumer-spending-in-q3-stock-tanks" target="_blank" rel="noreferrer noopener">Foot Locker Cuts Outlook On Soft Consumer Spending In Q3, Stock Tanks</a></li>
</ul>
Photo via Shutterstock

MRVL

QCOM

What's Going On With Nvidia And Other Chip Stocks On Wednesday?

In the current session, the stock is trading at $199.75, after a 0.43% increase. Over the past month, Taiwan Semiconductor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) stock increased by 3.38%, and in the past year, by 101.18%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1733327143_0.png" alt="Past Year Chart" />

<h3>Comparing Taiwan Semiconductor P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 64.23 in the Semiconductors &amp; Semiconductor Equipment industry, Taiwan Semiconductor Inc. has a lower P/E ratio of 32.02. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733327144_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Taiwan Semiconductor

China responded swiftly on Tuesday to new U.S. restrictions on semiconductor technology exports by imposing tighter controls on critical minerals used in <a href="https://www.benzinga.com/topic/semiconductors">chip manufacturing</a>.
The move targets gallium, germanium, and antimony — essential materials for advanced electronics and defense applications, The Wall Street Journal <a href="https://www.wsj.com/world/asia/china-tightens-curbs-on-exports-of-materials-with-chip-making-applications-to-u-s-4348a02c?mod=latest_headlines">reports</a>.
What Happened: A day after the U.S. blacklisted 140 Chinese entities and restricted exports of memory chips vital to artificial intelligence, Beijing retaliated with export bans and reviews for U.S.-bound shipments of these minerals. The Chinese Ministry of Commerce justified the measures as necessary for national security.
China also cautioned its businesses against purchasing American chips due to reliability and safety concerns. 
The restricted minerals are critical to the U.S. economy and defense supply chains, with Beijing accounting for a significant portion of imports between 2019 and 2022. For instance, the U.S. relied on China for 80% of its antimony needs during this period, WSJ reports.
Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42299957/feds-kugler-sees-inflation-progress-but-warns-policy-is-not-on-a-preset-course">Fed&#8217;s Kugler Sees Inflation Progress But Warns: &#8216;Policy Is Not On A Preset Course&#8217;</a>
The new U.S. export controls, which <a href="https://www.benzinga.com/government/regulations/24/12/42265847/biden-targets-china-with-new-chip-restrictions-nvidia-slides">took effect Monday</a>, primarily target Chinese firms such as Naura Technology Group, Huawei-linked companies and equipment manufacturers. These measures also extend restrictions to non-U.S. chip suppliers reliant on American technologies, sparking concern among global players like Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Why It Matters: The clash underscores the fragility of global supply chains and the geopolitical stakes tied to semiconductor dominance. With China tightening its grip on critical materials, the U.S. faces mounting pressure to diversify its supply sources. 
Experts warn these developments could reshape the global semiconductor landscape as companies and governments navigate new trade barriers. U.S. firms such as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), and KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) may feel the ripple effects alongside international players exempt from these restrictions, including Dutch firm ASM International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>).
ETFs such as the Invesco Semiconductors ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NASDAQ">PSI</a>) and the SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>) could also feel the effects of these trade restrictions, given their exposure to impacted companies.
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</ul>
Photo by Fahroni via Shutterstock

Asia

KLAC

LRCX

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

China Retaliates Against US Chip Sanctions, Tightens Mineral Exports

Intel&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has reportedly narrowed its search for a new <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door" rel="noreferrer noopener">CEO</a>. The list of potential candidates has now been whittled down to a few prominent figures, including former board member Lip-Bu Tan, Reuters cites familiar sources.
The struggling American chipmaker&nbsp;expelled CEO Pat Gelsinger on Monday after he <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42275410/intel-ceo-pat-gelsinger-forced-out-by-board-analysts-cheer-potential-strategy-shift-this-move-opens-the-door" rel="noreferrer noopener">failed to impress</a> the board with his turnaround efforts since taking charge less than four years ago.
Intel could not gain market share compared to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>). The stock is down over 52% year-to-date.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/guidance/24/12/42291157/microchip-slashes-q3-revenue-guidance-issues-restructuring-plan" rel="noreferrer noopener">Microchip Slashes Q3 Revenue Guidance, Issues Restructuring Plan</a>
Recently, Intel contacted Tan, who was once seen as a contender for the CEO role. Intel&#8217;s board is also considering other candidates. The chipmaker also created a search committee to find a successor.
Tan was an Intel director from September 2022 to August 2024, and his departure <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40593141/intel-board-member-lip-bu-tan-reportedly-left-after-disputes-with-ceo-and-other-directors-over-c" rel="noreferrer noopener">marked his clash</a> with Gelsinger on Intel&#8217;s turnaround plan.
Tan is known for the turnaround plan as CEO of Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>).
Wall Street analysts re-rated Intel following the CEO&#8217;s expulsion.
Truist Securities analyst William Stein reiterated a Hold rating on Intel with a price target of $26.
While Intel&#8217;s underperformance during Gelsinger&#8217;s tenure as CEO was worse than that of the previous four CEOs, the chipmaker did not outperform the SOX under any of them, and only under Brian Krzanich&#8217;s leadership did the stock beat the S&amp;P 500.
Stein credited Gelsinger with making some significant changes at the company, which failed to move the needle for the company.
Stein held that Intel&#8217;s decades-long manufacturing superiority led to it missing out on massive technological shifts, including a shift to mobile devices and AI-centric computing.
According to the analyst, Intel&#8217;s loss of manufacturing superiority to Taiwan Semiconductor in ~2017 exposed Intel&#8217;s less-than-perfect semiconductor design choices.
Therefore, Stein suggested selling the whole company or a part of it. His other suggestions included splitting the manufacturing business from the products business, significant downsizing, and aggressive asset monetization.
Benchmark analyst Cody Acree maintained a Hold rating on Intel.
Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, interim co-CEOs while the board searches for a new CEO, the analyst noted.
The company tapped CFO Zinsner and Holthaus, who had been general manager of Intel&#8217;s Client Computing Group, as CEO of Intel Products. Chair Frank Yeary will become interim executive chair during the transition period. Intel noted that its Foundry leadership structure remains unchanged.
Acree has been skeptical of Intel&#8217;s ability to successfully manage so many simultaneous objectives, including re-establishing its technology leadership in processor design and manufacturing and developing a new GPU solution to compete with Nvidia.
The analyst noted that the largest of these issues continues to be Intel&#8217;s trailing manufacturing capability versus Taiwan Semiconductor and Intel&#8217;s need to include the AI accelerator opportunity.
Acree flagged the current focus on the potential separation of Intel&#8217;s Products and Foundry business, which would deprive shareholders of the significant progress the company has made in both halves of the business.
Still, the separation of the foundry business may be the only option that calms the Street, although it would likely entail Intel foregoing the $7.8 billion of CHIPS Act funding, as the analyst stated.
Therefore, Acree does not expect a management change to pose a material fundamental catalyst anytime soon, given the size and complexities of Intel&#8217;s intertwined issues.
Price Action: INTC stock is down 5.62% at $22.59 at last check Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" target="_blank" rel="noreferrer noopener">Taiwan Semi Supplier ASML Reiterates Outlook As Biden&#8217;s Latest Semiconductor Embargo On China Kicks In</a></li>
</ul>
Photo via Shutterstock

Price Target

Reiteration

Management

Analyst Ratings

Trading Ideas

Intel's New CEO Change Unlikely To Help Gain Traction Versus Taiwan Semi And Nvidia: Analysts

On Monday, ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) said it does not expect the Biden administration&#8217;s latest semiconductor sanctions on China to affect its <a target="_blank" href="https://www.asml.com/en/news/press-releases/2024/asml-expects-impact-of-updated-export-restrictions-to-fall-within-outlook-for-2025" rel="noreferrer noopener">business in 2024</a>.
On Monday, the U.S. government updated its advanced computing and semiconductor manufacturing equipment rule to include additional restrictions on suppliers&#8217; export of chip manufacturing technology. The regulations were effective immediately.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42273742/cloudflares-apple-intelligence-partnership-large-tam-generative-ai-enabler-position-it-for-upside-analyst-says" rel="noreferrer noopener">Cloudflare&#8217;s Apple Intelligence Partnership, Large TAM, Generative AI Enabler Position It For Upside, Analyst Says</a>
Biden&#8217;s administration&#8217;s third crackdown on China&#8217;s&nbsp;semiconductor industry targeted <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42265847/biden-targets-china-with-new-chip-restrictions-nvidia-slides" rel="noreferrer noopener">advanced memory chips</a> and chipmaking tools. However, due to its agreement with the U.S., the Netherlands was exempted from the U.S. sanctions on China, which posed a relief for ASML.
ASML reiterated <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo" rel="noreferrer noopener">the fiscal 2025 total net sales</a> outlook of 30 billion euros-35 billion euros. The company expects its China business (net system sales plus net service and field option sales) to be around 20% of its total net sales for fiscal 2025. China accounted for 50% of Microchip&#8217;s fiscal 2024 net sales, as per Reuters.
ASML also reiterated <a target="_blank" href="https://www.benzinga.com/tech/24/11/41978712/asml-projects-revenue-surge-to-63-billion-by-2030-eyes-ai-and-chip-market-boom" rel="noreferrer noopener">the 2030 annual total net sales</a> of approximately 44 billion euros-60 billion euros as recapitulated during its Investor Day on November 14, 2024.
ASML chief Christophe Fouquet had previously admitted canvassing from the U.S. to restrict chip technology sales to China.&nbsp;
The company is a leading manufacturer of advanced lithography machines, which is integral for contract chipmakers like Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) for making advanced artificial intelligence chips for Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI processors and chips for Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones.
On October 15, ASML stock plunged above 16% upon the accidental release of the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41339229/asml-earnings-leak-sparks-broad-semiconductor-sell-off-sector-down-sharply-as-dutch-chipmaker-lo" rel="noreferrer noopener">third-quarter print</a>. It reported net sales of 7.50 billion euros, topping analyst estimates of 7.12 billion euros, with a gross margin of 50.8%. The net bookings were 2.6 billion euros.
ASML projected fourth-quarter net sales of 8.8 billion euros-9.2 billion euros with a gross margin of 49%-50%. The company reiterated fiscal 2024 net sales of around 28 billion euros.
Price Action: ASML stock is down 0.49% at $708 premarket at last check Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/media/24/12/42269848/amazons-aws-ceo-teases-major-ai-advancements" target="_blank" rel="noreferrer noopener">Amazon&#8217;s AWS CEO Teases Major AI Advancements</a></li>
</ul>
Photo via ASML

Guidance

Taiwan Semi Supplier ASML Reiterates Outlook As Biden's Latest Semiconductor Embargo On China Kicks In

WIIM

AMAT

ENPH

FORM

ICHR

LAES

MPWR

NVTS

NXPI

SQNS

WOLF

Shares of semiconductor companies are trading higher. The Biden administration plans on limiting China's access to advanced chips, chipmaking tools and memory technology due to alleged national security concerns and AI's military potential.

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang was offered the CEO role at a rival company <a href="https://www.benzinga.com/topic/semiconductors">over a decade ago</a>.
Had the 61-year-old Huang made the move, it would have changed the semiconductor industry forever. For one thing, it could have kept Nvidia from becoming the world's <a href="https://www.benzinga.com/news/large-cap/24/11/41761849/nvidia-blows-past-apple-to-become-worlds-most-valuable-company">most valuable company.</a>
What Happened: Huang co-founded Nvidia in<a href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant"> a Denny's restaurant </a>in 1993. Over the years, it transformed into one of the largest companies in the world. Today, it is a leader in artificial intelligence.
Things could have looked much different. 
Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) founder Morris Chang once offered the CEO role of his company to Huang in 2013.
"I spent about 10 minutes concisely explaining my deep expectations for TSMC," Chang said, per Reuters, citing Chang&#8217;s new autobiography.
Chang saw Huang as the right candidate because of his expertise in the semiconductor sector plus his character. Huang listened to the pitch, but ultimately turned Chang down.
"I already have a job," Huang said, after listening to Chang's pitch.
Chang said he tried one more time weeks later to no avail.
&#8220;Jensen's response to me was honest: He &#8216;already had a job!&#8217; That job was to elevate Nvidia to what it is today, 11 years later,&#8221; Chang wrote.
Huang turning down the CEO offer from Chang didn't sour things between the two men, who have often shared praise for each other publicly.
Chang also goes into detail on betting on TSMC to become a manufacturing partner for Nvidia, even once sending production staff to help Huang's company in 1998 when they were short-staffed.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: The autobiography from Chang is the second volume, which covers his life from 1964 to 2018. The book covers Chang's time at Texas Instruments and the creation of TSMC in 1987.
The first volume of Chang's autobiography series was published in 1998.
The new book also covers Chang's retelling of TSMC's relationships with key customers which include Apple and Qualcomm.
Chang also details how Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) turned down a chance to invest in TSMC in the 1980s before later becoming one of the company's key customers.
NVDA, TSM Price Action: Nvidia is the second most valuable company in the world at the time of writing, worth $3.385 trillion and trailing only Apple ($3.587 trillion). Nvidia has passed Apple on several occasions over the last year.
Nvidia stock is up 187% year-to-date in 2024 and up over 2,500% over the last five years.
Taiwan Semiconductor has a market capitalization of $957.7 billion, ranking 10th among public companies worldwide and just shy of the $1 trillion milestone.
Taiwan Semiconductor stock is up 82% year-to-date in 2024 and up over 230% in the last five years.
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Financial giants have made a conspicuous bearish move on Taiwan Semiconductor. Our analysis of options history for Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) revealed 41 unusual trades.
Delving into the details, we found 39% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $485,502, and 31 were calls, valued at $3,296,628.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $210.0 for Taiwan Semiconductor, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Taiwan Semiconductor's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Taiwan Semiconductor's whale trades within a strike price range from $105.0 to $210.0 in the last 30 days. 
<h3>Taiwan Semiconductor 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733155231_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$14.55</td>
<td>$14.5</td>
<td>$14.46</td>
<td>$185.00</td>
<td>$1.0M</td>
<td>15.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.5</td>
<td>$14.4</td>
<td>$14.48</td>
<td>$185.00</td>
<td>$256.2K</td>
<td>15.7K</td>
<td>734</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$29.6</td>
<td>$28.95</td>
<td>$29.6</td>
<td>$165.00</td>
<td>$207.2K</td>
<td>2.4K</td>
<td>270</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$36.15</td>
<td>$35.8</td>
<td>$36.15</td>
<td>$175.00</td>
<td>$180.7K</td>
<td>662</td>
<td>125</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$35.25</td>
<td>$35.0</td>
<td>$35.0</td>
<td>$175.00</td>
<td>$175.0K</td>
<td>662</td>
<td>75</td>
</tr>
</tbody>
</table>

<h3>About Taiwan Semiconductor</h3>
Taiwan Semiconductor Manufacturing Co. is the world's largest dedicated chip foundry, with over 60% market share. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the us in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD, and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs. TSMC employs more than 73,000 people.
Following our analysis of the options activities associated with Taiwan Semiconductor, we pivot to a closer look at the company's own performance.
<h3>Where Is Taiwan Semiconductor Standing Right Now?</h3>
<ul>
<li>With a trading volume of 5,767,619, the price of TSM is up by 4.72%, reaching $193.38.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 45 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Taiwan Semiconductor</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $240.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on Taiwan Semiconductor, which currently sits at a price target of $240. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Taiwan Semiconductor options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Taiwan Semiconductor's Options Frenzy: What You Need to Know

<a href="https://www.globaltimes.cn/page/202412/1324191.shtml" title="https://www.globaltimes.cn/page/202412/1324191.shtml">https://www.globaltimes.cn/page/202412/1324191.shtml</a>

LSCC

RMBS

China's Commerce Ministry, On U.S. Chip Export Control Measures, Says China Firmly Opposes It; The Move Is A Typical Example Of 'Economic Coercion' And 'Non-Market Practices'; China Will Take Necessary Measures To Firmly Safeguard Its Legitimate Rights And Interests; The U.s. Has Seriously Abused Control Measures, Severely Hindering Normal Economic And Trade Exchanges Between Countries, Disrupting Market Rules And International Trade Order; U.S. Move Is Threatening The Stability Of Global Supply Chains

On Monday, the outgoing Biden administration will implement its third crackdown on China&#8217;s <a target="_blank" href="https://www.benzinga.com/topic/semiconductors" rel="noreferrer noopener">semiconductor industry</a> within three years, citing the same national security threats as reasons it mentioned for its prior sanctions, intensifying geopolitical tensions between the countries.
The initiative, launching Monday, will impose export restrictions on 140 Chinese entities, including chip equipment manufacturers such as Naura Technology Group and other firms, targeting advanced memory chips and chipmaking tools.
Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is trading lower on Monday. Prior reports indicated Nvidia&#8217;s potential to earn <a target="_blank" href="https://www.benzinga.com/government/24/10/41204521/nvidias-gpu-sales-at-risk-as-china-pushes-local-ai-chips-in-retaliation" rel="noreferrer noopener">$12 billion in sales</a> from 1 million H20 GPUs in China in 2024.&nbsp;
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Reuters reports that the restrictions will also affect Chinese chip toolmakers Piotech and SiCarrier Technology and shipments from nations like Singapore and Malaysia.
The package includes new controls on 24 additional chipmaking tools, software, and high-bandwidth memory chips essential for AI training and high-end applications.
Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>), and Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) could face significant impacts alongside non-U.S. firms such as Dutch company ASM International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>). These controls are part of a broader strategy to limit Beijing&#8217;s access to advanced technologies critical for its semiconductor sector.
<a target="_blank" href="https://www.benzinga.com/24/11/42244387/nvidia-lam-reasearch-applied-materials-stocks-gain-as-biden-government-eyes-softer-semiconductor-sanctions-against-china" rel="noreferrer noopener">Prior reports indicated</a> that the U.S. proposed to go softer on China for the third semiconductor embargo following intense negotiations with allies like Japan and the Netherlands and American chip equipment makers.
Chinese entities added to the list include over 100 semiconductor and chipmaking toolmakers, two investment companies, and others linked to Huawei Technologies, a telecom giant pivotal to China&#8217;s chip advancements.
Companies on the list will require special licenses to receive shipments from U.S. suppliers, with most license requests likely to be denied.
The new rules also expand the foreign direct product rule, restricting exports from U.S., Japanese, and Dutch manufacturers to essential Chinese chip plants.
Due to agreements with the U.S., Japan and the Netherlands are exempt, which relieves ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&nbsp;and&nbsp;Tokyo Electron Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELY#OTC">TOELY</a>).
However, manufacturers in other nations, such as Israel, South Korea, and Taiwan, are affected, to the dismay of Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>).
Investors can gain exposure to semiconductor stocks through the Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and the SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Actions: At the last check on Monday, NVDA stock was down 0.53% at $137.52 in premarket trading. LRCX is down 0.31%, and AMAT is down 0.32%. ASML is up 0.32%, TSM is up 2.32%.
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Photo courtesy: Shutterstock

TOELY

Biden Targets China With New Chip Restrictions, Nvidia Slides

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock is up Friday amid reports indicating the U.S. government is set to announce further sanctions on exporting <a href="https://www.benzinga.com/topic/semiconductors">semiconductor equipment and AI memory chips</a> to China, which will be less stringent than the previous ones.
Additionally, the U.S. embargo will focus on Chinese companies that make semiconductor manufacturing equipment instead of the fabrication facilities following protests from&nbsp;Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>),&nbsp;Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), and&nbsp;KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) as the move will enable the U.S. companies to maintain their edge versus international rivals like ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and Tokyo Electron Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TOELY#OTC">TOELY</a>) which have not wholly subscribed to the U.S. sanctions against China.
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The U.S. could announce the fresh semiconductor sanctions by next week, according to Bloomberg, <a href="https://www.bloomberg.com/news/articles/2024-11-28/us-readies-china-chip-curbs-that-stop-short-of-earlier-proposals?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">citing</a> sources familiar with the issue.
The fresh restrictions will follow months of negotiations between the U.S. government, allies like Japan and the Netherlands, and American chip equipment makers. The U.S. chip companies, including Nvidia and rivals, had previously urged the government to relax its embargo against China, a key semiconductor market.
Therefore, the U.S. expects to impose restrictions on fewer Huawei Technologies Co suppliers and restrict only&nbsp;two chip factories of Huawei partner&nbsp;Semiconductor Manufacturing International Corp.
However, the new restrictions will affect <a target="_blank" href="https://www.benzinga.com/government/24/08/40198085/huawei-and-baidu-increase-samsung-hbm-purchases-as-us-curbs-loom" rel="noreferrer noopener">high-bandwidth memory chip</a> companies like &nbsp;Samsung Electronics Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>),&nbsp;SK Hynix Inc, and&nbsp;Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>).
The disruption of the semiconductor supply chain caused by the 2020 pandemic in China prompted global countries to consolidate their semiconductor bases and reduce their dependence on China. The U.S. and other countries started luring contract chipmakers like Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with subsidies to manufacture advanced artificial intelligence chips in their U.S. facilities while insisting ally countries like the Netherlands and Japan to impose similar sanctions on China.
The VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), which represent stocks like Nvidia, Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Taiwan Semiconductor, Intel and Micron were up about 1% on Friday.
Price Action: NVDA stock is up 1.04% at $136.80 in premarket trading at last check Friday.
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Nvidia, Chip Stocks Gain On Reports Of Softer China Sanctions

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is reportedly set to begin producing its advanced 2-nanometer (2nm) chips in the U.S. by 2028.
Wu Cheng-wen, head of the National Science and Technology Council (NSTC), confirmed the timeline during a legislative hearing when questioned whether Taiwan Semiconductor might start 2nm production in the U.S. before the prescribed period, Focus Taiwan <a target="_blank" href="https://focustaiwan.tw/business/202411290005" rel="noreferrer noopener">reports</a>.
This timeline aligns with Taiwan&#8217;s policy requiring Taiwan Semiconductor to delay exporting cutting-edge technology abroad until three years after it begins mass production domestically.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42089611/taiwan-semiconductor-faces-china-challenges-amid-potential-trump-return-and-geopolitical-tensions" rel="noreferrer noopener">Taiwan Semiconductor Faces China Challenges Amid Potential Geopolitical Tensions From Trump Return</a>
Taiwan&#8217;s government has emphasized the importance of maintaining domestic leadership in semiconductor production before allowing advanced technology exports, the report adds.
Taiwan Semiconductor has already initiated trial production of 2nm chips at its Baoshan facility in Hsinchu County, Taiwan, with mass production slated to begin in 2025. <a target="_blank" href="https://www.benzinga.com//node/42186138" rel="noreferrer noopener">Additional facilities in Kaohsiung</a> will likely start 2nm production in 2026. The company is concurrently constructing two advanced fabs in Arizona, with plans to mass-produce chips using 3nm and 2nm processes in 2028. A third Arizona facility could begin production by 2030. Advanced Micro Devices, Inc. reportedly tapped Taiwan Semiconductor&#8217;s 3nm process to foray into <a target="_blank" href="https://www.benzinga.com/24/11/42210228/taiwan-semiconductor-ramps-up-2nm-production-apple-and-amd-first-in-line" rel="noreferrer noopener">the smartphone market</a>.
The U.S. Department of Commerce recently finalized an agreement granting Taiwan Semiconductor $6.6 billion under the CHIPS Incentives Program. This funding supports Taiwan Semiconductor&#8217;s Arizona operations and includes commitments to deploy <a target="_blank" href="https://www.benzinga.com/24/11/42060003/taiwan-semiconductors-us-subsidy-boosts-a16-tech-production-in-arizona" rel="noreferrer noopener">A16 nanosheet technology</a>. The A16 process features innovative backside power delivery for enhanced performance and logic density. However, like the 2nm technology, the A16 process will also adhere to the three-year rule before production in the U.S.
The contract chipmaker is eying more factories in Kaohsiung, Tainan, and Taichung to ramp up domestic production of <a target="_blank" href="https://www.benzinga.com/24/11/42116366/taiwan-semiconductor-plans-new-factories-annually-boosting-domestic-chip-production" rel="noreferrer noopener">advanced technology chips</a>.
Reportedly, Taiwan Semiconductor accounts for 36% of <a target="_blank" href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist" rel="noreferrer noopener">Taiwan&#8217;s index weighting</a>. However, Taiwan Semiconductor remains vulnerable to the budding geopolitical tension between the U.S. and China. While Chinese leader Xi Jinping remains committed to the &#8220;reunification&#8221; with Taiwan, the U.S. sanctions on China forbid Taiwan Semiconductor from importing Nvidia artificial intelligence chips to China.
Taiwan Semiconductor stock gained over 79% year-to-date.
The chipmaker earmarked capital expenditures of $34 billion—$38 billion in 2025 to meet the advanced semiconductor manufacturing demand frenzy.
Price Action: TSM stock closed lower by 1.44% at $181.19 on Wednesday.
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Photo by Sundry Photography on Shutterstock.

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