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Morgan Stanley believes that TSMC's investment commitment in American wafer factories is likely to receive exemptions or extensions from the US semiconductor tariffs, which is better than what most investors are concerned about. The firm reiterates its overweight rating on TSMC with a target price of 1388 NT dollars. Analysts like Charlie Chan pointed out in their report that TSMC currently still retains its capital expenditure plan of $165 billion for its US business by 2030. Exemption of tariffs on TSMC's chips would help alleviate concerns about demand in the technology sector.
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