Bank of America: TSMC's advanced technology and manufacturing continue to gain momentum, maintaining a "Buy" rating

Zhitong
2025.04.28 13:44
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Bank of America Securities maintains a "Buy" rating on Taiwan Semiconductor and reiterates a target price of $220. Analyst Brad Lin pointed out that Taiwan Semiconductor showcased its ongoing efforts in technological leadership and manufacturing at the 2025 Technology Symposium, emphasizing that the demand for artificial intelligence and high-performance computing will drive growth in the semiconductor market. Despite the short-term weakness in the automotive business, Taiwan Semiconductor remains optimistic about future growth potential and plans to launch new technologies to meet market demand