Tag Archives: tsm

Intel, Micron, Avago, other chip stocks oversold, analysts say

Wall Street analysts see buying opportunities in the recent pullback of chip stocks. On Monday, Intel (INTC) stock rallied on a report from Pacific Crest Securities. Analyst Michael McConnell upgraded Intel stock to outperform from sector perform, with a price target of 31. Intel stock was up 1.8%, near 26.70. in early afternoon trading on the stock market today. McConnell turned positive on Intel (INTC) based on expectations for improving corporate PC demand this year and the company’s upcoming Grantley server chips, which could spur spending by IT customers in 2015. He also sees Intel’s nascent foundry business making market share gains in the long term vs. Taiwan Semiconductor Manufacturing (TSM), Samsung and GlobalFoundries. Conversations with supply chain companies suggest corporate PC orders accelerated in the first quarter and should continue into Q2, he said in a research report Monday. “Improving commercial demand has been attributed not only to Microsoft’s (MSFT)…

Apple might take fewer risks with iPhone 6 to ensure big supply

Apple might be taking fewer risks with its next-generation smartphone to avoid the annual shortages that have plagued recent iPhone launches. Citing unnamed industry sources, DigiTimes reported Tuesday that Apple has decided to continue sourcing fingerprint sensors from Taiwan Semiconductor Manufacturing Company using a proven, older chip production process rather than a riskier new process. TSMC (TSM) will use its 8-inch processing, instead of 12-inch, to make fingerprint sensors for Apple’s next iPhone because of concerns about yield rates for 12-inch wafer-level packaging, DigiTimes said. Apple (AAPL) previously decided to use the 12-inch process, but changed its mind because of the lower yield rates, which could have caused a supply bottleneck. Apple most recently faced supply constraints with its iPhone 5S, which launched on Sept. 20. Apple CEO Tim Cook said supply issues hindered the company’s December quarter sales of new iPhones and iPads. The company’s next smartphone, the …

Intel Seen Gaining Huge Pricing Advantage Over TSMC

Intel (INTC) stock jumped to its highest level since August 2012 on two positive analyst reports Tuesday. The chipmaker rose as much as 4% in the stock market today. In early afternoon trading, Intel stock was up 3.7%, near 26.40. Jefferies analyst Mark Lipacis said Intel will have a die size and transistor cost advantage over Taiwan Semiconductor (TSM) for the first time by fourth-quarter 2014, which could lead to a 50% pricing advantage in