[Nomura: Samsung's quality rate Challenge is greatly up-regulatedTaiwan Semiconductor ManufacturingTarget price to 777 yuan] Nomura Securities issued a report sayingIntelAlthough it has announced the expansion of the contract manufacturing market, the manufacturing process is far inferior to that of TSMC, and the outsourcing of high-end orders in the future is a foregone conclusion. In addition, Samsung has encountered the most severe yield challenge in the history of 5nm and 8nm, which may lead toQualcommThe orders of HUIDA and HUIDA are transferred to TSMC, and TSMC can further upgrade its target price to NT $777, which is more powerful than it has ever seen before. Nomura points out that Samsung, another competitor of TSMC, has also encountered the biggest challenge in its history with a yield of 5 nm and 8 nm. It is estimated that in the next decade, the development of these two processes will be slower than any other process made by Samsung in the past, resulting in lower-than-expected chip production of Qualcomm and HUIDA, and then transferring orders to TSMC.