Latest news with #nanosheet
Globe and Mail
6 days ago
- Business
- Globe and Mail
TSM's Nanosheet Roadmap Advances: Can it Maintain Tech Leadership?
Taiwan Semiconductor Manufacturing Company TSM is advancing its nanosheet chip technology roadmap with N2, N2P, A16, and A14 with the aim of improving performance and efficiency at advanced nodes. The N2 logic node is Taiwan Semiconductor's first generation of nanosheet transistor technology, offering 10-15% speed improvement at the same power, or 25-30% power reduction at the same speed, plus more than 15% chip density gain over N3E. Volume production is on track for the second half of 2025, with a ramp profile similar to N3. Moreover, Taiwan Semiconductor also expects the number of new tape-outs for N2, fueled by both smartphone and HPC applications, to be higher than both 3-nanometer and 5-nanometer in their first two years. N2P, which is an extension of Taiwan Semiconductor's N2 family, aims to deliver further performance and power benefits, and its volume production is set for the second half of 2026. A16, which is also nanosheet-based, introduces TSM's Super Power Rail technology. Compared with N2P, A16 is expected to provide 8-10% speed improvement at the same power, or 15-20% power improvement at the same speed, plus 7-10% additional chip density gain. Volume production is also targeted for the second half of 2026. Looking ahead, Taiwan Semiconductor's A14 node will feature its second-generation nanosheet transistor structure, offering a full node stride from N2. Compared with N2, A14 is expected to provide 10-15% speed improvement at the same power, or about 25-30% power improvement at the same speed, plus roughly 20% chip density gain and its volume production is scheduled for 2028. Taiwan Semiconductor also plans a Super Power Rail version of A14 for 2029. Additionally, the management believes A14 and its derivatives will further extend its technology leadership into the next decade. With fabs under construction in Taiwan and Arizona to support both N2 and A16, including fabs in Hsinchu and Kaohsiung Science Parks, and its new Arizona cluster, where about 30% of N2-and-beyond capacity will be located after completion, Taiwan Semiconductor appears well-positioned to benefit from the next wave of AI and HPC demand. How Competitors Fare Against TSM Two key competitors, Intel INTC and GlobalFoundries GFS, are working hard to catch up with TSM's lead. Intel is investing heavily in its foundry business, aiming to produce advanced chips. The company is currently focusing on its 18A process, which signifies 1.8nm chips. Intel's 18A process is claimed to have higher performance and efficiency, which will help the company better compete with Taiwan Semiconductor's upcoming N2 chips. Meanwhile, GlobalFoundries is not focused on 2nm chips. Instead, it is investing in specialized chips for cars, wireless devices, and the IoTs. While GlobalFoundries does not directly compete with Taiwan Semiconductor at the most advanced nodes, it still aims to take market share in fast-growing chip segments. TSM's Share Price Performance, Valuation and Estimates Shares of Taiwan Semiconductor have risen around 23.4% year to date compared with the Zacks Computer and Technology sector's growth of 13%. TSM YTD Price Return Performance Image Source: Zacks Investment Research From a valuation standpoint, TSM trades at a forward price-to-earnings ratio of 23.15, lower than the sector's average of 28. TSM Forward 12-Month P/S Ratio Image Source: Zacks Investment Research The Zacks Consensus Estimate for Taiwan Semiconductor's 2025 and 2026 earnings implies a year-over-year increase of 37.5% and 13.1%, respectively. Estimates for 2025 and 2026 have been revised upward in the past 30 days. Taiwan Semiconductor currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report GlobalFoundries Inc. (GFS): Free Stock Analysis Report
Yahoo
16-06-2025
- Business
- Yahoo
Can New Nanosheet Chip Nodes Cement TSM's Long-Term Tech Leadership?
Taiwan Semiconductor Manufacturing Company TSM, also known as TSMC, is reinforcing its nanosheet chip technology roadmap with N2, N2P, and A16, which are aimed at extending performance and efficiency at advanced nodes. Out of these, the A16 advanced node has been specifically designed to accommodate high-performance computing (HPC) products and AI-class workloads. These advanced nodes are expected to extend TSMC's technology leadership position and enable it to capture growth opportunities into the Semiconductor's N2 logic node is the first generation of nanosheet transistor technology and offers 10-15% speed improvement, 25-30% power improvement, and more than 15% chip density gain when compared with N3E. The logic node is on track to enter volume production in the second half of 2025. Moreover, TSMC also expects the number of new tape-outs for N2, fueled by both smartphone and HPC applications, to be higher than both 3-nanometer and 5-nanometer in their first two Semiconductor is winning important customers, such as AMD and Apple, for its new N2 advanced logic node. Apple plans to use these chips in future iPhones and Mac devices, while AMD wants to use them to make faster CPUs and GPUs to compete better in the in the first quarter of 2025, N2P is an extension of the N2 family, which features improved performance and power efficiency. A16 is also a nanosheet-based technology with backside power delivery and is intended to be a logical upgrade to N2P. The A16 logic node, also introduced in the first quarter, is expected to deliver up to 15-20% power improvement and an additional 7-10% chip density gain when compared with fabs under construction in Taiwan and Arizona to support both N2 and A16 and volume production scheduled for N2P and A16 in the second half of 2025, Taiwan Semiconductor appears well-positioned to benefit from the next wave of AI and high-performance computing demand. Two key competitors, Intel INTC and GlobalFoundries GFS, are working hard to catch up with TSMC's lead. Intel plans to launch its 2nm-based node, called Intel 18A, in the second half of 2025. Intel is focusing on new technologies like RibbonFET transistors and backside power delivery for its 18A node, similar to TSMC's GlobalFoundries is not focused on 2nm chips. Instead, it is investing in specialized chips for cars, wireless devices, and the IoTs. While GlobalFoundries does not directly compete with Taiwan Semiconductor at the most advanced nodes, it still aims to take market share in fast-growing chip segments. Shares of Taiwan Semiconductor have gained 9.7% year to date compared with the Semiconductor - Circuit Foundry industry's growth of 8.7%. Image Source: Zacks Investment Research From a valuation standpoint, TSMC trades at a forward price-to-sales ratio of 9.08X, slightly higher than the industry's average of 9.02X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for TSMC's 2025 and 2026 earnings implies year-over-year growth of 30.54% and 14.80%, respectively. The estimates for 2025 have been revised upward in the past 60 days, while the estimates for 2026 have witnessed a downward revision over the same time frame. Image Source: Zacks Investment Research TSMC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC) : Free Stock Analysis Report Taiwan Semiconductor Manufacturing Company Ltd. (TSM) : Free Stock Analysis Report GlobalFoundries Inc. (GFS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
13-06-2025
- Business
- Globe and Mail
Can New Nanosheet Chip Nodes Cement TSM's Long-Term Tech Leadership?
Taiwan Semiconductor Manufacturing Company TSM, also known as TSMC, is reinforcing its nanosheet chip technology roadmap with N2, N2P, and A16, which are aimed at extending performance and efficiency at advanced nodes. Out of these, the A16 advanced node has been specifically designed to accommodate high-performance computing (HPC) products and AI-class workloads. These advanced nodes are expected to extend TSMC's technology leadership position and enable it to capture growth opportunities into the future. Taiwan Semiconductor's N2 logic node is the first generation of nanosheet transistor technology and offers 10-15% speed improvement, 25-30% power improvement, and more than 15% chip density gain when compared with N3E. The logic node is on track to enter volume production in the second half of 2025. Moreover, TSMC also expects the number of new tape-outs for N2, fueled by both smartphone and HPC applications, to be higher than both 3-nanometer and 5-nanometer in their first two years. Taiwan Semiconductor is winning important customers, such as AMD and Apple, for its new N2 advanced logic node. Apple plans to use these chips in future iPhones and Mac devices, while AMD wants to use them to make faster CPUs and GPUs to compete better in the market. Introduced in the first quarter of 2025, N2P is an extension of the N2 family, which features improved performance and power efficiency. A16 is also a nanosheet-based technology with backside power delivery and is intended to be a logical upgrade to N2P. The A16 logic node, also introduced in the first quarter, is expected to deliver up to 15-20% power improvement and an additional 7-10% chip density gain when compared with N2P. With fabs under construction in Taiwan and Arizona to support both N2 and A16 and volume production scheduled for N2P and A16 in the second half of 2025, Taiwan Semiconductor appears well-positioned to benefit from the next wave of AI and high-performance computing demand. How Competitors Fare Against TSM Two key competitors, Intel INTC and GlobalFoundries GFS, are working hard to catch up with TSMC's lead. Intel plans to launch its 2nm-based node, called Intel 18A, in the second half of 2025. Intel is focusing on new technologies like RibbonFET transistors and backside power delivery for its 18A node, similar to TSMC's A16. Meanwhile, GlobalFoundries is not focused on 2nm chips. Instead, it is investing in specialized chips for cars, wireless devices, and the IoTs. While GlobalFoundries does not directly compete with Taiwan Semiconductor at the most advanced nodes, it still aims to take market share in fast-growing chip segments. TSM's Price Performance, Valuation and Estimates Shares of Taiwan Semiconductor have gained 9.7% year to date compared with the Semiconductor - Circuit Foundry industry's growth of 8.7%. TSM YTD Price Return Performance From a valuation standpoint, TSMC trades at a forward price-to-sales ratio of 9.08X, slightly higher than the industry's average of 9.02X. TSM Forward 12-Month P/S Ratio The Zacks Consensus Estimate for TSMC's 2025 and 2026 earnings implies year-over-year growth of 30.54% and 14.80%, respectively. The estimates for 2025 have been revised upward in the past 60 days, while the estimates for 2026 have witnessed a downward revision over the same time frame. TSMC currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report GlobalFoundries Inc. (GFS): Free Stock Analysis Report
