Daiwa starts coverage of Vanguard International Semiconductor stock at TWD 210.00

Published on 10/25/2026 at 00:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Daiwa set a TWD 210.00 target for Vanguard International Semiconductor stock on October 12, 2026. September revenue rose 15.51 percent year over year.

Singapore fab and earnings date

Daiwa Securities set a TWD 210.00 target on October 12, 2026.
September revenue rose 15.51 percent year over year to TWD 5.90 billion.
Vanguard International Semiconductor stock last traded at TWD 161.00 on October 22, 2026, 3.30 percent below TWD 166.50.
The third-quarter 2026 earnings release is scheduled for November 5, 2026.

Vanguard, TW0005347009, Illustration mit AI erstellt.

Vanguard International Semiconductor (TW0005347009) received a TWD 210.00 price target as Daiwa Securities started coverage with an Outperform rating on October 12, 2026, according to MarketScreener. The rating arrived as the Taiwan-based foundry expanded its Singapore manufacturing footprint.

Revenue points to improving demand

Vanguard International Semiconductor reported September revenue of TWD 5.90 billion on October 8, 2026, up 15.51 percent from the same month a year earlier and 15.93 percent from August. The nine-month total reached TWD 42.48 billion, an 18.00 percent year-over-year increase, according to TechNews. The comparison matters because it combines stronger monthly activity with a broader year-to-date recovery.

Three milestones shaped the story

On September 28, 2026, Vanguard International Semiconductor and NXP opened their first 300mm Singapore fab, with risk production underway and volume production scheduled for the first quarter of 2027, according to Singapore EDB. On October 8, 2026, September revenue reached TWD 5.90 billion, up 15.51 percent year over year, according to TechNews. On October 12, 2026, Daiwa Securities started coverage with an Outperform rating and a TWD 210.00 target, as reported by MarketScreener.

What does 2027 production mean?

The Singapore fab is expected to produce 44,000 12-inch wafers per month at full capacity in 2029 and create 1,600 jobs, according to the Singapore EDB release dated September 28, 2026. Its 130nm to 40nm process range is aimed at mixed-signal, power-management, analog and interposer products for high-performance computing, mobile, automotive, industrial and consumer markets.

Next date for quarterly results

MarketScreener lists November 5, 2026, as the earnings release date for the third quarter of 2026. That report will give investors a fresh test of whether the September revenue improvement is translating into quarterly profitability.

Taiwan quote and valuation context

Vanguard International Semiconductor last traded at TWD 161.00 on the Taipei Exchange on October 22, 2026, 3.30 percent below the previous close of TWD 166.50. The market capitalization was TWD 302.4 billion on that date, while the 52-week range was TWD 87.60 to TWD 223.00.