TSMC rose 1% before the market opened. It was reported that it released the first outsourcing order for the front end of CoWoS packaging
2024-08-09 16:05:19
TSMC (TSM.US) rose 1.02% to $156.97 before the market opened. The latest news from the industry is that TSMC released the first outsourcing order for the key front-end CoW process of CoWoS, and Siliconware Precision Industries (SPIL) took the lead. It will build new production capacity and is expected to enter the second quarter of next year and increase production in the third quarter.
TSMC President Wei Zhejia previously revealed that CoWoS production capacity will double this year. In addition, Morgan Stanley listed TSMC as a top pick after a sharp sell-off, believing that the stock has an attractive valuation after its recent weak performance.
TSMC President Wei Zhejia previously revealed that CoWoS production capacity will double this year. In addition, Morgan Stanley listed TSMC as a top pick after a sharp sell-off, believing that the stock has an attractive valuation after its recent weak performance.