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Taiwan Semiconductor Manufacturing Company (TSM) shares were getting a lift higher in Thursday's pre-market trading — the chip stock holding onto morning gains after the market open — after reporting fourth quarter earnings results, which saw record quarterly profits that climbed 57%.
The AI semiconductor landscape could face even bigger challenges, as outgoing President Biden prepares to lay out possible new regulations on TSMC chips. Nvidia (NVDA) CEO Jensen Huang has criticized Biden's latest round of export controls on chips, with the company calling the administration's efforts "unprecedented and misguided."
To talk more about the semiconductor manufacturer's latest earnings print, Wedbush Securities managing director Matt Bryson sits down with the Morning Brief team
"Taiwan Semi is in a good place, not just for 2025, but 2026, 2027 and beyond. A lot of that has to do with them being the only supplier of these advanced semiconductors," Bryson tells Seana Smith and Brad Smith. "They went from being competitive with Samsung (005930.KS) or Intel (INTC) to effectively being in a monopolistic position in terms of year over year versus sequential."
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The equity research analyst, who covers the enterprise hardware sector, believes that any chip curbs issued by US regulators may not have much of an impact on TSMC, which operates at a broader global scale than most chipmakers.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.