Taiwan Semi Outperforms China's Top Chipmaker Amid Tech Challenges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 11 2024
0mins
Source: Benzinga
- Taiwan Semiconductor Manufacturing Co (TSM) has outperformed China's largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), showcasing Beijing's challenges in advancing its domestic chip industry.
- Despite China's significant investment in semiconductor funds, SMIC lags in technological advancements compared to TSMC.
- China aims to progress from producing 7-nanometer chips to 5nm but faces obstacles due to U.S. export controls.
- TSMC utilizes advanced extreme ultraviolet lithography for manufacturing 3nm chips, a capability not accessible to China under current restrictions.
- Recent reports highlight Chinese AI chip firms downgrading designs to comply with U.S. sanctions, emphasizing the importance of TSMC in the semiconductor sector.
Analyst Views on FTXL
Wall Street analysts forecast FTXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FTXL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 154.300
Low
Averages
High
Current: 154.300
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
