According to the CNBC News App, Bank of America stated that with the ongoing acquisition developments of Qualcomm (QCOM.US) and Intel (INTC.US), Taiwan Semiconductor (TSMC.US) also faces potential opportunities and risks.

Previously reported, Qualcomm has recently been in contact with Intel regarding an acquisition, but some analysts believe this deal may be challenging. In addition, it has been reported that Apollo Global Management has proposed a $5 billion investment in the struggling chip manufacturer Intel.

Analysts led by Brad Lin stated that Qualcomm is one of the top five clients of Taiwan Semiconductor, contributing revenue between 5-9%. Intel currently outsources about 30% of its wafer production to Taiwan Semiconductor (contributing 5-9% of Taiwan Semiconductor's revenue), and plans to reduce this percentage to 20%.

If Intel's Intel Foundry Services (IFS) gains sufficient support from this deal and executes well in product development, it may slow down the pace of outsourcing to Taiwan Semiconductor. An important factor to watch is how Qualcomm would utilize IFS if they choose to sell it or integrate it into their own business. Analysts believe that if Qualcomm decides to sell, Intel may accelerate the outsourcing process, benefiting Taiwan Semiconductor.

Lin and his team also mentioned that due to the typical execution risks associated with foundries, the Taiwan-based semiconductor company, MediaTek, may benefit from this potential deal.

Analysts additionally noted that the collaboration between Qualcomm and Samsung Foundry to launch the Snapdragon 888 has been a significant performance challenge, leading to MediaTek's (compared to Taiwan Semiconductor) market share increase in the high-end smart phone System-on-Chip (SoC) segment.

Analysts pointed out that Taiwan Semiconductor's leading technology position and outstanding execution may continue to provide MediaTek with a competitive advantage in chip performance. If the situation changes after the transaction, MediaTek can further enhance its industry position benefiting from Taiwan Semiconductor's excellent performance in foundry services.

In addition, Lin and his team stated that Qualcomm has always been a major customer of Taiwan Semiconductor, mainly at the forefront of Taiwan Semiconductor. A potential acquisition of Intel could enable Qualcomm to expand into the x86 and High Performance Computing (HPC) market.

However, analysts point out that Qualcomm's existing relationships with Taiwan Semiconductor and other wafer fabs on different (ARM) architectures could complicate integration with Intel, which is primarily based on x86 wafer fabs.

This potential transaction also faces risks, including regulatory challenges that could delay or prevent the acquisition. Analysts also added that these factors, along with Intel's weakened financial condition, bring uncertainty to the entire semiconductor market.

Wall Street analysts hold an average rating on the stock, with a strong buy recommendation.