Deutsche Bank comments on TSMC (TSM.US) earnings: "No crumbs left on the plate" signal is clear! Forecasts next year's capex at $84 billion, maintains "Buy" rating.

Zhito Finance APP has learned that Deutsche Bank noted in an October 20 research report that what is truly worth remembering about TSMC's (TSM.US) latest earnings is not the numbers, but a statement made by C.C. Wei at the earnings call - "we have no intention of handing over the benefits to others; we want to capture all possible business." Deutsche Bank's interpretation is straightforward: TSMC intends to enjoy this feast alone, leaving only crumbs for Samsung and Intel. And in its view, this statement points to the same conclusion - in 2027 and 2028, TSMC's capital expenditure will undergo another round of significant upward revision. Deutsche Bank maintains its "Buy" rating on TSMC with a target price of NT$3,000.