DJ TSMC May Maintain Lead Over Intel in Chipmaking -- Market Talk

0325 GMT - Taiwan Semiconductor Manufacturing Co.'s lead in contract chipmaking is unlikely to change despite Intel's renewed efforts to make chips for others, Deutsche Bank says. Even if one assumes Intel could catch up with TSMC's technology in making chips smaller, TSMC would still enjoy huge advantages in capital and production efficiency, Deutsche says. Even in the event that the U.S. government presses major buyers to select manufacturers in the U.S., TSMC's planned Arizona factory may be chosen by fabless companies thanks to the trust it has earned over the years, Deutsche says. Deutsche has a buy rating on TSMC and a NT$750.00 target price. The shares are 2.4% higher at NT$589.00. (kosaku.narioka@wsj.com; @kosakunarioka)

(END) Dow Jones Newswires

March 25, 2021 23:25 ET (03:25 GMT)

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