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Enter Symbol:
Rating: TSM
Buy

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) upgraded to Buy by HSBC Securities

Tuesday,  Dec 1, 2015  5:25 PM ET by Dave Ficere

HSBC Securities upgraded Taiwan Semiconductor Manufacturing Company (NYSE: TSM) to
Buy. Previously HSBC Securities rated Neutral Taiwan Semiconductor Manufacturing Company (NYSE: TSM) on 07/19/2013, when the stock price was $16.33.

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is principally engaged in the manufacture of integrated circuits (ICs) for customers based on their own or third parties' IC designs. The Company offers a range of wafer fabrication processes, including embedded non-volatile memory process, embedded dynamic random access memory (DRAM) process, mixed signal/ radio frequency (RF) process, high voltage process, complementary metal-oxide semiconductor (CMOS) image sensor process, color filter process, micro electro-mechanical system (MEMS) process and silicon germanium process, among others. The Company's chips are used in computer products, communications products and consumer electronic products. As of December 31, 2008, the Company had seven wafer plants.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.



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