Bernstein: ASIC CPUs bring further incremental demand, raises TSMC (TSM.US) target price to $600

Zhitong Finance APP has learned that Bernstein, which identified CPU as a new growth driver for TSMC (TSM.US) three months ago, has raised that assessment by another notch in its latest report: the real change is not in GPUs or ASIC XPUs, but in the beginning of large-scale deployment of Amazon's and Google's in-house CPUs, with the resulting demand exceeding prior expectations.