- Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) CEO C.C. Wei confirmed the company’s ongoing due diligence to build a fabrication plant in Japan, Bloomberg reports.
- He also elaborated plans to expand its manufacturing capabilities in the U.S. and China at a Q&A session following the Q2 results announcement.
- Japan’s share of global semiconductor sales plummeted to 10% in 2019 from 50% in 1988.
- Previously, TSM collaborated with twenty Japanese companies for a chip development program.
- TSM is a major chip supplier to Apple Inc (NASDAQ:AAPL)
- Price action: TSM shares traded lower by 2.73% at $121 in the premarket session on the last check Thursday.
SVB Leerink Maintains Outperform on AstraZeneca, Raises Price Target to $75
SVB Leerink analyst Andrew Berens maintains AstraZeneca (NASDAQ:AZN) with a Outperform and raises the price target from $70 to $75.
