TSMC Secures Three-Decade Renewable Energy Agreement Amid Market Turbulence
- Long-Term Energy Procurement: TSMC has finalized a 30-year power purchase agreement with Northland Power, securing the entire 294 megawatts output from the Hai Long 2A offshore wind facility, further solidifying a partnership initiated in 2022 and demonstrating the company's strong commitment to renewable energy strategy.
- Renewable Energy Strategy Expansion: The Hai Long initiative boasts a total gross generation capacity of 1,022 megawatts, enhancing TSMC's competitive edge in the global advanced semiconductor market, particularly as AI manufacturing demands continue to rise, ensuring stable future electricity supply.
- Market Performance Pressure: TSMC's stock has plummeted 54% over the past six months, currently trading at $393.83, significantly above GuruFocus's estimated fair value of $273.09, indicating market concerns over its valuation despite the company's strong performance in profitability and growth metrics.
- Production Capacity Challenges: A market analysis from TrendForce highlights ongoing constraints in semiconductor production infrastructure, particularly a shortage of CoWoS packaging capabilities, which is not expected to ease until at least 2027, potentially impacting TSMC's ability to meet demand from major clients like Apple, NVIDIA, and AMD.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 3 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0001 | 0.00845 | 0.0149 | 0.0233 | 0.0297 | 0.0381 | 0.0445 |
| Fibonacci | 0.00845 | 0.0141 | 0.0176 | 0.0233 | 0.0289 | 0.0324 | 0.0381 |
About AI
About the author
