Taiwan Semiconductor Extends Lead As Top Chipmaker
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Market Position and Growth: Taiwan Semiconductor Manufacturing Co (TSMC) increased its market share to 64.9% in Q3 2024, reporting a 39% revenue growth to $23.5 billion, driven by demand for smartphones and AI technologies.
Competitive Landscape: Samsung's market share declined to 9.3% due to competition from Chinese rivals, while TSMC and GlobalFoundries are key players in securing U.S. chip subsidies, with TSMC receiving a $6.6 billion grant for its Arizona project.
Analyst Views on EMC
Wall Street analysts forecast EMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EMC 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.
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Current: 32.130
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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.
