The Zhitong Finance App learned that on June 22, Argus analyst Jim Kelleher published a research report covering TSMC (TSM.US) for the first time, giving it a “buy” rating and a target price of 150 US dollars.
The analyst said the company has an “aggressive” five-year capital expenditure plan and that the emerging chip supplier is becoming the key to solving global chip supply and demand issues.
Kelleher added that, given the accelerated demand for traditional IT products, cyclical drivers such as 5G and cloud data centers, and long-term drivers such as artificial intelligence, the Internet of Things, and autonomous driving, he believes TSMC will experience unexpected long-term growth.