The broker said Hong Kong’s ASM Pacific, alongside Taiwanese players Taiwan Semiconductors (TSMC), AIchip, Global Unichip Corp (GUC) and Andes could all benefit from these shifting market dynamics. Bullish on TSMC Morgan Stanley said TSMC shares were a buy on the basis that the $US542 billion dual Taiwanese and New York Stock Exchange-listed stock could re-rate higher in 2024 as revenue growth for its custom-purpose chip operations tops the market’s expectations. The Taipei-based manufacturer is a geopolitically sensitive business at the centre of tension between Washington and Beijing as its operations supply Nvidia and enables US tech in direct competition...