0619 GMT - TSMC's revenue growth may decelerate in 2H with potentially flat or on-quarter decline after a strong performance so far, say Citi analysts in a research note. They note that TSMC maintained its revenue growth guidance for 2025 around mid-20% after strong 1Q results. Citi believes the management has considered macro uncertainties ahead in its full-year guidance. TSMC has denied media reports of a potential joint venture or technology transfer to Intel, which could relieve some investor concerns on TSMC's long-term competitive advantage, they say. Citi raises TSMC's target price to NT$1,100.00 from NT$1,050.00 and keeps a buy call as it reckons that most near-term uncertainties have been priced in. Shares ended 0.35% higher at NT$850.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 18, 2025 02:19 ET (06:19 GMT)
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