🟢 TSMC.BA is trading 3.5% up today as easing advanced packaging constraints boost AI growth outlook

TSMC.BA is trading 3.5% up today at $47.37 following upbeat sentiment regarding the easing of advanced packaging constraints tied to surging AI demand.

• MediaTek’s decision to utilize Intel for advanced AI chip packaging is expected to relieve pressure on TSMC’s CoWoS capacity.
• The move bolsters investor confidence in TSMC’s ability to efficiently manage a massive backlog of AI-related orders.
• Positive momentum is further supported by a generally bullish equity market backdrop.