Taiwan Semiconductor Manufacturing Co. may get some help from a stronger dollar, but analysts are focusing on the company's ties to Apple and Nvidia.
Taiwan Semiconductor Manufacturing Co. sits at the intersection of two compelling trends that could give it a boost in a environment that has proved sluggish for many elements of the consumer-electronics sector.
While the third-party silicon-wafer foundry is expected to post a sales decline for its June quarter when it delivers results on Thursday, Wall Street is curious to see the benefits TSMC TSM has reaped from its ties to Apple Inc. AAPL and from its role in supplying wafers for AI uses.
TSMC shares have also benefited as companies like Nvidia Corp. NVDA provide the infrastructure needed to support massive workloads from AI applications. Sankar added that “key risks” include greater softness in the Android market and a possible slowdown in the automotive category.
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