JP Morgan Discusses Taiwan Semiconductor Earnings

JP Morgan analyst Rod Hall discussed Taiwan Semiconductor Mfg. Co. Ltd. (ADR) TSM earnings saying, "TSMC beat expectations on Q4 results, and proceed to issue very strong Q1'15/2015 guidance."

Hall further mentioned several key highlights from the company's conference call.

• “1Q15 revenues to stay flat Q/Q, much better than street expectations.”
• “2015 growth is likely to be several points higher than Foundry growth of 12%.”
• “20mm revenues to stay flat or grow every quarter in 2015.”

Hall also added that the company is, “upsizing capex to $11.5-12bn (market estimates at $10-10.5bn).” The firm maintained a Neutral rating on Taiwan Semiconductor.

Taiwan Semiconductor recently traded at $22.76, up 8 percent.