Bullish options flow was detected in Taiwan Semiconductor stock on December 11, 2019.

Bullish options flow in TSM stock on December 11, 2019.

On December 10, 2019, Taiwan Semiconductor reported November revenue of NT$107.88B whcih is up 9.7% YoY and an increase of 1.7% from October 2019.

On December 6, 2019, DigiTimes reported that Taiwan Semiconductor is on track to move 5nm process technology to commercial production in the first half of 2020 and will kick off production of chips built using a newer 3nm process node in 2022, DigiTimes’ Siu Han and Willis Ke report, citing comments made by JK Wang, the firm’s senior vice president for fab operations. Source: https://www.digitimes.com/news/a20191206PD202.html

In a November 30, 2019, Barron’s article written by Eric Savitz, he looked at legacy technology companies Cisco (CSCO), IBM (IBM), Intel (INTC), Oracle (ORCL), Seagate Technology (STX), Western Digital (WDC), Xerox Holdings (XRX), HP Inc. (HPQ), and Hewlett Packard Enterprise (HPE), which are struggling to stay relevant as the market shifts to newer technology opportunities in the cloud, artificial intelligence, and data analytics. Savitz took a look at each of their chances of a resurgence. The Xerox offer for HP Inc. is “a Hail Mary” that would create a huge amount of debt. Forrester Research CEO George Colony said of the potential deal “It’s the mating of zombies.” IBM, however, “might have the best chance at transforming itself for the cloud era.” Colony said he believes “IBM can nose past Google into the cloud-computing leadership tier,” behind AWS and Azure. Cisco has some near-term issues, but Wolfe Research strategist Steve Milunovich called Cisco “the best house on a bad block,” and argued that networking is “less secularly challenged than servers, storage, printers, or PCs.” As for Seagate and Western Digital, disk drives “are not disappearing… but the math works against a return to significant top-line growth” as they contend with Hitachi’s Law — that the amount of data you can store for the same cost doubles every two years. Intel, which is still the dominant chipmaker in the PC and server markets, has been shut out of mobile market. Additionally, Milunovich cautioned that Intel has lost its big advantage in semiconductor-process technology to Taiwan Semiconductor Manufacturing (TSM). Colony also noted that “massive changes are coming” with quantum computing on the horizon. Oracle is bolstering its Oracle Cloud, but will need to “innovate its way into the cloud’s elite tier.” In conclusion, Milunovich warned against “excessive optimism” for legacy technology companies, concluding that “as a group, the secular winds are against them.” Source: https://www.barrons.com/articles/cisco-ibm-intel-and-oracle-search-for-new-life-51575056764

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