There's really no such thing as “steady state” in the semiconductor industry, and fab operator Taiwan Semiconductor (NYSE:TSM)
(aka “TSMC”) has the need to always stay on the leading edge of what
its customers need and want in terms of chip manufacturing
technology/capabilities. In addition to that constant pressure of
migrating to the next generation, TSMC is facing the entrance of a major
potential rival – Intel (Nasdaq:INTC).
While I think Intel's technological capabilities are not to be
underestimated, the assumption that TSMC is in serious trouble seems
misplaced. That isn't necessarily to say that the shares are cheap right
now, but I see TSMC as a share-gainer in the fab space for the
foreseeable future.
Please follow this link for more:
http://www.investopedia.com/stock-analysis/070813/reports-tsmcs-imminent-demise-may-be-greatly-exaggerated-tsm-intc-umc-qcom.aspx
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