US President Trump claims to charge 100% tax on semiconductor classes, but manufacturers in US factories will be exempted, driving Taiwan Electric's stock price to strengthen on the 7th, and finally closed at a new price of 1,180 yuan. Foreign broker Morgan Stanley (Morgan Morgan Stanley) said in its latest report that based on Taiwan Power's investment commitments to the US crystal factory, it should receive exemptions or limits from semiconductor taxes, and reiterated its "coded" rating for Taiwan Power, with a target price of RMB 1,388.
Morgan Stanley pointed out that Telco still retains a plan for capital expenditure of US$165 billion in US businesses by 2030. Due to this investment commitment to the United States, Telco is expected to receive a waiver or a broad deadline for US semiconductor taxes, which is better than what most investors originally worried about. Therefore, the target price is RMB 1,388 for Taiwan Electricity.
The report also pointed out that it is unclear whether other mature process chip manufacturers in Greater China, such as Taiwan's Electric Power, the world's advanced, and China's SMIC, will be assigned to chip taxes, because in the mature process field, local Texas instrument manufacturers in the United States can already be self-sufficient.
Extended reading: Trump's semiconductor tax incentives, Taiwan Electronics' Creation's 1,180 yuan market value exceeded 30 trillion US 100% tax-related Taiwan's electricity is not ineffective. Experts: Pay attention to the proportion of production of Taiwan's semiconductors