Markets
Semi-conductor giant TMSC gains almost 10% in a single day amid pandemic
It is no secret that the semiconductor market is hot in China as well as Taiwan and most of the world gets their supply of semiconductor chips from them. Now, it is known that Taiwan’s TMSC is currently the best chip maker in the world and their production has not been seriously affected by the pandemic since the situation in Taiwan was much better than China. So it is obvious that Taiwan’s TMSC was about to cash-in on their advantage regarding their progress and they have done so in a huge way. According to the latest report, we can also say that someone’s loss is another’s gain.
Because Intel said that they are running behind schedule for their 7nm chip meaning that it could be delayed from 2021 to 2022 or later. Currently, AMD’s chips are based on the 7nm technology while talks are ongoing about switching to 5nm whereas Intel is still based on 10nm chips. It is also known that TMSC supplies chips to AMD which is how they have been able to get a lead over their closest rival out of nowhere. So investors have now realized that Intel might possibly become a TMSC customer as well to get 7nm chips from them going forward.
This is the main reason why everyone is going after TMSC stocks so that they can get an advantage as and when Intel announces their next move. Reports even suggest that Intel has made their move without announcing as it is said that “Intel had placed orders with TSMC for 180,000 units of 6nm chips for 2021”. Now, we know that 180,000 units are not anywhere close to what they expect in terms of sales but is obvious that the company would want to try out their chips before placing a bigger order. So investors now hope that a bigger order will be placed in the near future.
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