1/21/2013

Deutsche Bank sees higher profits for Taiwan Semiconductor Manufacturing this year and in 2014 due to increased demand for chips made with 28-nanometer and 20nm features, which often go into mobile devices. "We forecast TSMC's increased dominance and growing addressable markets in 28/20 nanometers to drive stronger earnings growth," analyst Michael Chou said. The bank rates TSMC's stock as a "buy."

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