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TSMC's Chairman and CEO, C.C. Wei, reaffirmed expectations for AI development to drive a 2024 industry recovery. Wei discussed plans with OpenAI's Sam Altman for AI-chipmaking fabs and hinted at raising production fees for Nvidia. He also mentioned considering price increases for AI chip production services and already discussing this with Nvidia CEO Jensen Huang.
Like I said, $TSM will raise prices for 2nm & pass higher % of costs onto customers vs 3nm. Value chain will shift back to foundry players. $NVDA will see margin pressure unless they can fully pass through higher prices. Time will tell. https://t.co/V9WGMu7JbB https://t.co/Uar3YB60Cz
Will be watching out for TSMC's May revenue numbers on Friday. Even if the company doesn't grow MoM for May and June, revenues will still be up over 40% and Q3 has pretty easy comps as well. The new Chairman is talking about raising prices, Nvidia's Blackwell is already…
$TSM Barclays reiterates Taiwan Semiconductor as overweight Barclays raised its price target on the semis company to $170 per share from $150. “As the leading global foundry, TSMC is the bellwether for the semiconductor industry.”