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Fly News Breaks for September 13, 2019
TSM, AMAT
Sep 13, 2019 | 08:54 EDT
Needham analyst N.Quinn Bolton raised his price target on Applied Materials (AMAT) to $56 and kept his Buy rating as part of his broader industry report profiling the shift in TSMC (TSM) WFE spending shift from 20nm to 5nm and the recent news that it may increase its 2019 capital expenditure from $10B-$11B to as much as $12.5B. The analyst adds that his new price target implies a forward earnings multiple of 13.5-times, up from 12.5-times in his prior model, reflecting the stronger TSMC outlook and the recent sector rotation into cyclicals benefiting the Semiconductor Capital Equipment industry.
News For AMAT;TSM From the Last 2 Days
TSM
Mar 27, 2024 | 17:51 EDT
AST SpaceMobile (ASTS) commenced the tape-out phase for its Application-Specific Integrated Circuit - ASIC-, in collaboration with TSMC (TSM). The AST5000 ASIC is a novel, custom and low-power architecture developed to enable up to a tenfold improvement in processing bandwidth on each satellite, unlocking opportunities for space-based cellular broadband services worldwide. This marks the culmination of over four years of research, development, and engineering, as well as approximately $45M of development.