Taiwan Semiconductor Manufacturing Co Ltd

NYSE:TSMUnited States

Yesterday

Show headlines and story abstract

• DJ TSMC Stock Falls After Report Says U.S. Ordered It to Halt AI Chip Shipments to China -- Barrons.com, from 10:28AM ET on Monday Nov 11, 2024 by Dow Jones

  10:28AM ET on Monday Nov 11, 2024 by Dow Jones
  Companies Mentioned: NVDA, TSM, AAPL, AMD
  
  By Elsa Ohlen
  
  Taiwan Semiconductor Manufacturing Company has been ordered by U.S. authorities to halt shipments of advanced chips to China, according to a report by Reuters, in the latest effort to curb exports of critical technologies.
  

• DJ TSMC Stock Falls After Report Says U.S. Ordered It to Halt AI Chip Shipments to China -- Barrons.com, from 5:56AM ET on Monday Nov 11, 2024 by Dow Jones

  5:56AM ET on Monday Nov 11, 2024 by Dow Jones
  Companies Mentioned: NVDA, TSM, AAPL, AMD
  
  By Elsa Ohlen
  
  Taiwan Semiconductor Manufacturing Company has been ordered by U.S. authorities to halt shipments of advanced chips to China, according to a report by Reuters, in the latest effort to curb exports of critical technologies.
  

• DJ TSMC's Growth Outlook Seems Intact -- Market Talk, from 12:05AM ET on Monday Nov 11, 2024 by Dow Jones

  12:05AM ET on Monday Nov 11, 2024 by Dow Jones
  Companies Mentioned: TSM
  
  0505 GMT - TSMC's planned suspension of AI chip sales to Chinese clients could have a minimal impact on its revenue, Citi analysts say in a research note. The Taiwanese contract chip maker has notified Chinese customers that it would stop manufacturing advanced chips for them after it was discovered that some of its technology ended up in Huawei chips, according to media reports. Chinese companies account for about 11% of TSMC's revenue, and Citi notes that these businesses produce mostly non-AI applications such as smartphone chips and cryptocurrency. It expects TSMC's growth outlook to "remain intact," citing the potential for more substantial upside from its U.S. clients. TSMC's October sales beat both Citi's estimate and market consensus. Therefore, "we are positive on TSMC's solid longer-term prospects and expect strong earnings growth into next year," the analysts say. Shares are last at NT$1,075.00. (sherry.qin@wsj.com)