Rock & Roll

Taiwan Semiconductor (TSM) has apparently achieved early production yields at the firm's first plant in Arizona that have surpassed what similar manufacturing facilities are yielding for the firm in Taiwan. What that means is that the firm's fab plant in Phoenix is yielding usable wafers that are about 4 percentage points higher than the firm's plants in its home nation are producing.

Rick Cassidy, president of the firm's US division was quoted by Bloomberg news as saying, "Our fist fab entered engineering wafer production in April with 4-nanometer process technology, and the result is highly satisfactory, with a very good yield. This is an important operational milestone for TSMC and our customers, demonstrating TSMC's strong manufacturing capability and execution."

One would think this to likely be good news for the likes of Nvidia (NVDA), Apple (AAPL) and Advanced Micro Devices (AMD), but maybe less than good news for Intel's (INTC) struggling foundry business.

I am long NVDA, AMD, and INTC equity.