Taiwan Semiconductor Expands in Japan: Sony and Denso Among First Customers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Source: Benzinga
Taiwan Semiconductor Manufacturing Co's Expansion: TSMC's first plant in Kumamoto, Japan, is set to begin commercial production by the end of 2024, focusing on various chip processes, with plans for a second plant and additional investments totaling $13.5 billion and $20 billion for future facilities.
Japanese Government Investment in Semiconductors: The Japanese government has allocated over $64.9 billion to enhance its semiconductor and AI sectors, aiming for significant public and private investment by fiscal 2030, as Taiwan continues to dominate advanced chip manufacturing.
Analyst Views on SONY
Wall Street analysts forecast SONY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SONY is 34.00 USD with a low forecast of 34.00 USD and a high forecast of 34.00 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.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 22.960
Low
34.00
Averages
34.00
High
34.00
Current: 22.960
Low
34.00
Averages
34.00
High
34.00
About SONY
Sony Group Corp is a Japan-based company engaged in the games & network services (G&NS), music, movies, entertainment technology & services (ET&S), imaging & sensing solutions (I&SS) and other businesses. It has seven business segments. G&NS segment is involved in network service business, the manufacture and sale of home video game consoles and software. The Music segment mainly includes music production, music publishing and video media platform businesses. The Movies segment mainly includes film production, television program production and media network businesses. The ET&S field mainly includes the television business, audio, video business, still image, video camera business, smartphone business and Internet-related service business. The I&SS segment mainly includes the image sensor business. The Financial segment is involved in the insurance business and banking business. The Other segment consists of activities such as disc manufacturing business and recording media business.
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.
