Taiwan Semiconductor Manufacturing (TSMC) ADRs are holding steady near recent highs after the company reportedly began production of its advanced 2nm “N2” chips, maintaining a lead over competitors like Samsung and Intel for major customers including Nvidia and Apple.
- JPMorgan raised its Taipei target by 24% to NT$2,100, anticipating Q4 sales growth of about 18% and operating margins above 50%.
- Hedge fund Dan Loeb’s Third Point cut its TSMC stake by 23%, citing rising geopolitical risk around Taiwan as shares trade near records.
- The ADRs closed the regular session at $318.01 (up 0.24%) and were last trading after-hours at $318.77.