TSM Stock Rises as AI and Smartphone Demand Boosts Production

Nov 14, 2024

Taiwan Semiconductor Manufacturing Company (TSM, Financial) saw its U.S. stock rise nearly 1%, reaching $188.42. Analysts forecast strong production rates for TSM, driven by demand from Qualcomm and MediaTek for flagship smartphones. Despite Apple's plans to reduce iPhone production in the first quarter of next year, TSM is expected to maintain full production capacity for its 3nm and 5nm processes in the first half of the year. Additionally, the demand for AI chips is anticipated to push the 5nm process utilization rate above 100%.

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