Market Overview

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

Related TSM
Earnings Scheduled For July 14, 2016
5 Largest Price Target Changes For Tuesday
Apple: Sifting The iPhone 7 Rumors (Seeking Alpha)
Related AAPL
Using Apple Suppliers' Results, Wells Fargo Sees iPhone Sales Increasing
June Smartphone Survey Shows Apple's iPhone 7 Might Perform Like iPhone 6
SoftBank Acquisition ARM Slated For Q2 Slowdown Ahead Of iPhone Ramp (Investor's Business Daily)

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

Jul 2016JP MorganDowngradesOverweightNeutral
Jul 2016NomuraDowngradesBuyNeutral
Feb 2016Morgan StanleyUpgradesEqual-weightOverweight

View More Analyst Ratings for TSM
View the Latest Analyst Ratings

Posted-In: Analyst Color News Analyst Ratings


Related Articles (AAPL + TSM)

View Comments and Join the Discussion!