Taiwan Semiconductor Stock: Can Technical Analysis Predict Market Trends?

2025-04-26 tsmc

Taipei, Saturday, 26 April 2025.
Taiwan Semiconductor Manufacturing (TSMC) investors keep a close watch on stock performance. Yahoo Finance provides technical analysis of TSMC (2330.TW). The analysis uses tools such as moving averages, KD, RSI, MACD, and candlestick charts. These indicators help investors gauge market trends and devise trading strategies. Technical indicators offer insights into potential stock movements and associated risks. Investors can make informed decisions by analyzing these patterns. Is technical analysis the key to unlocking profits?

A14 process and production

TSMC held its 2025 North America Technology Forum in California and introduced its next-generation A14 logic process [6]. The A14 process is derived from the N2 technology [6]. Production is slated for 2028 [6]. TSMC’s A14 process achieves a 15% speed increase at the same power consumption compared to the 2nm process, which will enter mass production in the second half of the year [6]. At the same speed, power consumption is reduced by 30%, and logic density is increased by over 20% [6]. The A14 process is expected to enhance AI functionality on devices [6].

TSMC’s advanced packaging technology

TSMC is focused on advanced packaging technologies [6]. TSMC unveiled its SoW-X (System on Wafer-X) based on CoWoS technology [6]. This technology can integrate at least 16 large computing chips, including HBM and silicon photonics chips [6]. The computing power is enhanced by 40 times compared to the current CoWoS [6]. TSMC expects to mass produce the SoW-X packaging system by 2027 [4].

Intel’s competition and collaboration

Intel, both a competitor and a client of TSMC, is expected to announce its new process soon [6]. Intel is reportedly planning to use TSMC’s 2nm process to produce its next-generation flagship processors [6]. Intel’s own A18 process will be used for non-flagship processors [6]. Intel CEO Pat Gelsinger met with TSMC Chairman Wei Zhejia to discuss potential cooperation [5]. Pat Gelsinger affirmed that TSMC is a partner [5]. He also mentioned that Intel has struggled to expand its foundry business [5].

Market reaction and geopolitical concerns

On April 24, TSMC’s stock price decreased by 9 yuan, reaching 864 yuan [6]. However, TSMC’s ADR rose by 2.05% when the U.S. stock market opened [6]. Analysts suggest that ongoing tariff negotiations between the U.S. and other countries are causing investor concerns [6]. The market is worried about the potential announcement of “chip tariffs” on May 7 [6]. Wu Ta-jen, CEO of the Taiwan Economic Research Center, believes that the transfer of the semiconductor supply chain to the U.S. would significantly impact Taiwan’s long-term economic growth [6].

Intel’s restructuring and financial outlook

Intel released its first-quarter 2025 financial report, with revenue of $12.7 billion, which is the same as last year [7]. However, under GAAP, the net loss was $800 million, compared to a loss of $400 million in the first quarter of last year [7]. The company’s latest gross profit margin was 36.9%, down from 41% in the first quarter of 2024 [7]. Intel expects second-quarter revenue to be between $11.2 billion and $12.4 billion, lower than the $12.9 billion expected by analysts [7]. Intel is planning to cut 20% of its workforce to reduce costs [7].

Bronnen

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