Market Overview

Piper Jaffray Sees Taiwan Semi as 'Major Supplier' in Wafer Fab Market with NY Plant Possibly Online in Two Years

Share:
Related TSM
JMP Securities Turns Bearish On Intel
CNBC's Stock Pops & Drops From January 15
Apple Analyst Ming-Chi Kuo, We're Not Worthy (Seeking Alpha)
Related AAPL
Barclays Remains Bullish On Apple Following Q1 Print, Raises Q2 Guidance
D.A. Davidson Raises Price Target On Qorvo As Apple Exposure Drives Record F3Q Results
Google Quarter Four Earnings: Will It be A Beat Or Miss? - Analyst Blog (Zacks)

Shares of Taiwan Semi (NYSE: TSM) could be trading higher Tuesday afternoon following an earlier note from Piper Jaffray's Jagadish Iyer. The stock is up more than 1.3 percent.

Iyer believes the company could be planning a wafer fabrication facility in upstate New York, creating an environment where Apple (NASDAQ: AAPL) could want to take a portion of risk out of its supply chain given the production possibilities within the US. The Piper analyst suggested Taiwan Semi could eventually become a major supplier in this market.

Iyer set a timeframe for the facility groundbreaking as 12-18 months, with a plant possibly online within two years.

Taiwan Semi shares last traded at $16.95.

Latest Ratings for TSM

DateFirmActionFromTo
Jan 2015Credit SuisseDowngradesBuyNeutral
Dec 2014Bank of AmericaUpgradesNeutralBuy
Apr 2013Morgan StanleyDowngradesOverweightEqual-weight

View More Analyst Ratings for TSM
View the Latest Analyst Ratings

Posted-In: Analyst Color News Analyst Ratings

 

Related Articles (AAPL + TSM)

Around the Web, We're Loving...

Get Benzinga's Newsletters