TSM News & Events

Sony Semiconductor Solutions Corporation (SONY) and Taiwan Semiconductor Manufacturing Company (TSM) announced the signing of a non-binding memorandum of understanding to form a strategic partnership for the development and manufacturing of next-generation image sensors. Under the proposed partnership, Sony and TSMC intend to establish a joint venture, with Sony being the majority and controlling shareholder, to set up development and production lines in Sony's newly constructed fab in Koshi City, Kumamoto Prefecture. Through the JV, both companies expect to leverage Sony's expertise in sensor design alongside TSMC's strengths in process technology and manufacturing excellence as part of a broader collaboration aimed at enhancing image sensor performance. With the MOU signed, Sony and TSMC are discussing potential investments by the JV. These investments, along with new capital investment by Sony in its existing plant in Nagasaki, are being considered on the premise that they would be implemented in phases based on market demand, and that they would receive support from the Japanese government. This partnership also seeks to explore and address emerging opportunities in physical AI applications, such as automotive and robotics, paving the way for future innovations and expanded technological advancements. The establishment of the JV remains subject to the execution of a definitive legally binding agreement regarding the partnership and the satisfaction of customary closing conditions

The major averages were broadly higher at midday following a report from Axios that the U.S. and Iran are nearing an agreement to end the war. Crude has gone from the primary headwind to a tailwind almost overnight, falling back below $100. Q1 growth is tracking near 25%-30%, one of the strongest rates since 2021, and estimates for the next 12 months are still being revised higher. AI remains the center of gravity with semis and hyperscalers leading again, with AMD becoming the latest AI-linked supplier to post a strong print.1. STOCK NEWS:Disneyreportedand provided its outlook for FY26 and FY27AMDreportedand provided upbeat Q2 revenue guidanceCVS Healthprovided areport for Q1Uberreported, with gross bookings up 25% year-over-yearCorningand Nvidiaannounced a, with Nvidia getting a warrant to buy up to 15M Corning shares2. WALL STREET CALLS:AMDto Buy or equivalent ratings at Goldman Sachs, Bernstein and Seaport after its Q1 earnings beatPalantirto Buy at Argus amid accelerating revenue growthMonster Beverageto Buy at Rothschild & Co RedburnRedditto Accumulate from Buy at Phillip SecuritiesTransMedicsto Perform at Oppenheimer3. AROUND THE WEB:DeepSeek is nearing a $45B valuation amid investment talks, FT reportsSamsung'smarket cap surpasses $1T, Reuters reportsAppleis in a $250M settlement over its delayed "AI Siri," FT saysIAC'sBarry Diller said he would "absolutely" buy CNN, WSJ reportsPayPalplans to cut 20% of its staff in the next few years, WSJ says4. MOVERS:Oscar Healthrises after the company reportedDaVitahigher after providing anLive Nationgains after multiple analystson the stock following Q1 resultsFreshworkslower afterCencorafalls despite provided areport for Q25. EARNINGS/GUIDANCE:Kraft HeinzreportedJohnson Controlsprovided aDeluxereportedAngireportedLumentumreportedINDEXES:Near midday, the Dow was up 1.10%, or 544.16, to 49,842.41, the Nasdaq was up 1.47%, or 373.51, to 25,699.63, and the S&P 500 was up 1.10%, or 80.16, to 7,339.38.