TSMC Likely to See Stronger Revenue Growth Over Next Two Years -- Market Talk

Dow Jones03-30

0256 GMT - Taiwan Semiconductor Manufacturing Co. could see stronger revenue growth over the next two years, Citi analysts say in a note. Chip demand is not only growing for the accelerators of artificial intelligence but also for the broader ecosystem, including CPUs, networking chips and co-packaged optics, they note. A tighter supply environment reinforces TSMC's pricing power and margin resilience, they say. TSMC's AI-related revenue could more than double thanks to demand for bigger, more advanced chips, they note. Citi expects 2-nanometer chips to become the biggest revenue contributor at TSMC, with clear order visibility for at least over the next three years, they add. Citi raises its target price on TSMC to NT$2,800 from NT$2,600. Shares are at NT$1,780.00. (sherry.qin@wsj.com)

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March 29, 2026 22:56 ET (02:56 GMT)

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