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TSMC (TSM) Challenges Intel (INTC) with Fastest Time-to-Market' 16nm FinFET

May 29, 2013 1:20 PM EDT Send to a Friend
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Price: $20.72 --0%

Rating Summary:
    7 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

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    Up: 0 | Down: 0 | New: 0
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This morning Xilinx, Inc. (NASDAQ: XLNX) and TSMC (NYSE: TSM) announced that they are teaming together to create the fastest time-to-market and highest performance FPGAs to be built on TSMC's 16-nanometer FinFET (16FinFET) process, a program Xilinx calls 'FinFast.'

Commenting, Goldman analyst Donald Lu said, "We view the announcement as incrementally positive to TSMC shares as it suggests FinFET progress will be on par or ahead of Intel's (Nasdaq: INTC) major foundry customers'. TSMC's accelerated time to market of FinFET validates its superior execution and should help to deter major competitors, in our view. We continue to expect TSMC to gain market share and surpass Intel and Samsung LSI in capex in 2014-2015."

Goldman Sachs has a Buy rating on Taiwan Semiconductor Manufacturing Co. Ltd. with a price target of $21.20

For an analyst ratings summary and ratings history on Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) click here. For more ratings news on Taiwan Semiconductor Manufacturing Co. Ltd. click here.

Shares of Taiwan Semiconductor Manufacturing Co. Ltd. closed at $19.05 yesterday.

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