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 ...
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