Intel Corp (INTC): This analyst also thinks that even TSMC...

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Wednesday, 03/13/2013 11:36:20 AM

Wednesday, March 13, 2013 11:36:20 AM

This analyst also thinks that even TSMC is having trouble with 20nm process. Samsung will have the similar issue.
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UBS downgraded Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) from Buy to Neutral.
Analyst Jonah Cheng said most of the good news is already priced in. Cheng also noted that Taiwan Semiconductor will post only low single digit quarter-over-quarter growth and pointed out stiffer competition from Intel (Nasdaq: INTC) and weak performance in 20nm process. The analyst also warned of more customer losses in addition to Altera (Nasdaq: ALTR) if it doesn't improve performance in 20nm.
For an analyst ratings summary and ratings history on Taiwan Semiconductor (NYSE: TSM) Manufacturing Co. Ltd. click here. For more ratings news on Taiwan Semiconductor Manufacturing Co. Ltd. click here.
Shares of Taiwan Semiconductor Manufacturing Co. Ltd. closed at $17.73 yesterday, with a 52 week range of $12.14-$19.25.