Musk Confirms SpaceX and Tesla Will Run Terafab Directly as TSMC Shares Slip
Yahoo Finance ·
Elon Musk has made it clear that SpaceX and Tesla will independently build and operate the Terafab facility in Texas, leaving TSMC with at most a potential sublease. Following Musk's definitive statement on X, TSMC shares declined about 2% on Wednesday morning. Despite losing an operational foothold in the Texas complex, financial analysts emphasize that TSMC's core investment thesis remains intact, anchored by robust foundry demand. Projections indicate TSMC revenue could grow roughly 43% in fiscal 2026 and surge to nearly 2.5 times fiscal 2025 figures by fiscal 2028. Currently trading at 20.5x forward earnings—moderately above its five-year average of 18.3x—TSMC's upcoming earnings report on October 15 will serve as a primary gauge of its business momentum rather than developments regarding the Texas project.
AI 시장 분석
Elon Musk announced that SpaceX and Tesla will directly build and operate the Texas Terafab, reducing the likelihood of TSMC's direct foundry involvement and causing a short-term stock adjustment. However, analysts project TSMC's 2026 revenue to grow by about 43%, evaluating its core fundamentals as still solid. Investors should focus on the upcoming earnings releases and existing AI semiconductor demand rather than the Terafab issue.
상승 영향
- Semiconductors — TSMC is expected to achieve 43% revenue growth in 2026 driven by strong underlying demand for AI semiconductors, while Intel has reached a turning point for earnings recovery through the Terafab project and the adoption of the 14A process.
하락 영향
- Semiconductors — As Elon Musk solidified the policy for SpaceX and Tesla to directly operate the Texas Terafab, expectations for TSMC's foundry expansion were partially diminished, acting as downward pressure on the stock price in the short term.
DYAX 전담 분석
While Elon Musk's remarks lowered the possibility of TSMC directly operating the Terafab, causing a slight drop in TSMC's stock price, major institutions like Citi raised their target prices, expecting high growth of over 40% through 2027. On the other hand, Intel, which has suffered prolonged sluggish performance, laid the groundwork for a rebound by securing anchor customers for the Terafab utilizing the 14A process.
The future direction of stock prices will be determined by the sustainability of AI semiconductor demand revealed in TSMC's earnings release on October 15 and the actual operation rate indicators of Intel's 14A process. Investors should closely monitor the performance data of key customers rather than reacting emotionally to short-term noise.
AI가 생성한 분석으로 투자 자문이 아닙니다.
DYAX Investor Sentiment
Bullish (Long) 53% · Bearish (Short) 47%
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