On June 12, Guosen News reported that Taiwan Semiconductor (TSM.US) rose by 2.28% before the market and reached $169.48. According to the news, major companies such as Nvidia and AMD have been selling AI chips, and the supply of advanced packaging production capacity is in short supply. It is reported that the CoWoS new factory in TSMC's Nankou Chia-Yi plant is undergoing environmental impact assessment and has begun purchasing equipment, hoping to accelerate the construction of advanced packaging production capacity to meet customer demand. At the same time, the Nankou Chia-Yi Park originally planned to build two CoWoS new factories may not be enough, so TSMC is also reportedly surveying land for a third factory. In addition, Bank of America Securities issued a report that with the introduction of Apple Intelligence, a personal intelligence system by Apple, and the promotion brought by Computex in 2024, the bank believes that this signifies an increase in semiconductor component content. The report pointed out that TSMC is the main beneficiary and promoter of AI development. Considering the stronger demand for AI and better prospects for the average selling price of products, the bank raised its profit forecast for TSMC from 2024 to 2026 by 1% to 3% and raised its target price from $160 to $180, reiterating a 'buy' rating.