Report
Abhinav Davuluri
EUR 100.00 For Business Accounts Only

Healthy Second-Half 2019 Demand for Industry Bellweather Taiwan Semiconductor; Shares Overvalued

Taiwan Semiconductor Manufacturing reported second-quarter results ahead of the firm’s guidance. Management believes the firm has passed the bottom of its cycle, with strong 7-nanometer demand from the likes of Apple, AMD, and Xilinx set to fuel growth in the coming quarters. Additionally, management cited an acceleration in worldwide 5G development that will drive greater demand for both its 7-nm and 5-nm processes. Consequently, Taiwan Semiconductor's capital expenditures spending for 2019 is ...
Underlying
Taiwan Semiconductor Manufacturing Co. Ltd.

Taiwan Semiconductor Manufacturing is a foundry in the semiconductor industry which engages mainly in the manufacturing, selling, packaging, testing and computer-aided design of integrated circuits and other semiconductor devices and the manufacturing of masks. Co. also engages in the researching, developing, designing, manufacturing and selling of solid state lighting devices and related applications products and systems, and renewable energy and efficiency related technologies and products. Co.'s products include logic semiconductors, mixed-signal/radio frequency semiconductors, CMOS image sensor semiconductors and high voltage semiconductors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Abhinav Davuluri

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