更多资料加入知识星球：水木调研纪要关注公众号：水木纪要 Morgan Stanley RESEARCH May 7, 2024 08:00 PM GMT TSMC / Asia Pacific Arm-based chips lead to higher CPU foundry market share; OW WHAT'S CHANGED TSMC (2330.TW) Price Target From NT $860.00 To NT$928.00 The new breed of Arm-based CPU designs - whether they be 98 NVIDIA + MediaTek's Al PC chips or Apple's Al server chips = will be a more important growth driver than Intel's'CPU outsourcing. TSMC fabricates almost 100% of Arm-based CPUs, vs. 30% of x86 CPUs (e.g., for Intel and AMD). ...