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
Investors Love The Stocks In This Emerging Market ETF
Investors Like This Conservative Emerging Market
Stocks Slip At Starting Bell; Database Leader Breaks Out At Open (Investor's Business Daily)
Related AAPL
Bob Seger Finally Joined The Streaming World: Here Are 8 Music Icons Still Holding Out
Saving The Uber Kalanick Built
Warren Buffett's 5 Highest-Quality Companies (GuruFocus)

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
Oct 2016Pacific CrestUpgradesUnderweightSector Weight
Oct 2016SusquehannaUpgradesNegativeNeutral
Jul 2016NomuraDowngradesBuyNeutral

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!