Report
Abhinav Davuluri
EUR 101.80 For Business Accounts Only

TSMC Receives a Boost From Apple iPhone Chip Business During 3Q; Raising FVE to $28

Taiwan Semiconductor Manufacturing reported third-quarter results ahead of our expectations, thanks to 10-nanometer sales related to Apple’s latest iPhone 8 and iPhone X smartphones. Additionally, the firm benefited from chip demand related to cryptocurrency mining, including GPUs and custom chips. We note that the margin dilution related to lower yields and utilization of the 10-nm process has been less than we had anticipated. Coupled with slightly higher growth expectations for artificial int...
Underlying
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR

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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