Susquehanna's Hosseini on TSMC, Chips Sector

The transcript discusses TSMC's stock rating and market outlook, highlighting a positive rating and a price target of $135. It covers trends in the chip industry, noting a significant inventory correction and a slow recovery outside of AI. The challenges of shifting manufacturing to the US are explored, focusing on the CHIPS Act and fab readiness. Geopolitical impacts, particularly the Huawei ban, are discussed, emphasizing TSMC's critical role in the tech industry. Finally, the transcript examines TSMC's involvement in AI, noting its potential but current limited revenue impact.

What factors contributed to the lowered estimates for TSMC's performance?

How does the memory industry outlook affect TSMC's business strategy?

What are the implications of the inventory correction for TSMC and the broader industry?

What challenges does TSMC face in relation to the US CHIPS Act?

In what ways has geopolitics influenced TSMC's operations since 2016?

What role does AI play in TSMC's revenue generation according to the latest insights?

How does TSMC's pricing strategy relate to its competition in the semiconductor market?