This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Industry rumors quoted by the Taiwanese press suggest that it was payday this December for TSMC's research and development teams. TSMC is one of the most advanced chip manufacturing companies in the world, and over the years, it has gained strong footholds in the market for Arm-based microprocessors. At the same time, it has also demonstrated the ability to keep up with and outpace U.S. chip manufacturer Intel Corporation when making the chips with the smallest feature sizes.
Today's unofficial reports share that TSMC is on track to start mass-producing leading-edge 2-nanometer chips in 2025. In fact, the tail end of 2023 has seen market chatter grow and move away from TSMC's 'N' lineup of products to the 'A' lineup. Like Intel, TSMC will also use the A affix to designate advanced processes.
At the close of trading earlier today in Taiwan, TSMC's market capitalization on the Taipei Exchange was NT$15.38 trillion. In U.S. dollar terms, TSMC is the most valuable company in Taiwan by several factors, and the recent optimism about artificial intelligence has only further aided the company's rise.
TSMC's American Depository Receipts (ADRs) have a market capitalization of $497 billion - more than twice the value of Intel. However, Intel's shares have rallied 88% year to date, so perhaps it is on the cusp of making a turnaround under its chief, Patrick Gelsinger.
While TSMC refused to confirm that any bonuses have been paid for the successful development of advanced process technologies of both the N and A families, industry reports quoted by the Taiwanese press share that there is firm
Read more on wccftech.com