Dallas, Texas 12/20/2013 (FINANCIALSTRENDS) – The main reason for buy rating on Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) is due to its possible deal with Apple. But the current share price of Taiwan Semiconductor Mfg. Co. Ltd is down by -2.06% and there were a total of 10,566, 928 shares that were traded after the company made announcement that the chip industry might see a little growth in next year. As per the Taiwan Semiconductor Mfg. Co. Ltd the overall market growth might slow down to 9% in 2014 from almost 11% in 2013.
The share price of Taiwan Semiconductor Mfg. Co. Ltd is also down by 15.81% from its 52 week high price. All this have also lead to addition of this stock to NYSE active stock watch list by the Equity Profile Report.
Overview of the company
Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) is a company that deals in computer aided design, manufacturing, testing, packaging, marketing and sales of integrated circuits and some other semiconductor devices also. The semiconductor chip company is also believed to have almost 50 percent market share in the global chip foundry services market.
These foundry services are seen as the key driver for the company’s growth in the coming years. Moreover the sale of the smart phones and tablets might also add little fuel to the fire but company estimates that the demand for tablets and smart phones might stabilize in the mid of 2014. This is the reason why company is trying to come with low cost innovative semiconductor material and is focusing hard on its research and development facilities. Another factor that can work well in company’s favor is the dependency of the chip makers on the foundries and if the industry moves forward then there are complete chances of the revival in the growth forecast.