TSMC Revenue Can Hit $100 Billion by 2025 After Rebound, Says Analyst

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TSMC Revenue Can Hit $100 Billion by 2025 After Rebound, Says Analyst

MarketWatch2023-09-30

New Street Research says investors should overlook near-term softness in Taiwan Semiconductor Manufacturing’s business and focus on the company’s sizable long-term growth opportunity.On Friday, ...

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The forecast represents about a 34% upside from current levels in TSMC’s U.S.-listed American depositary receipts.“We expect TSMC’s revenue to strongly rebound next year and reach $100 billion in 2025,” he wrote. We take “comfort our conviction from a bottom-up perspective, looking at how TSMC’s top customers, which we all know very well, will contribute to such growth.”In Friday trading, TSMC ADRs were up 0.57%.In July, TSMC lowered financial guidance for the year, forecasting a decline of 10% year over year in revenue. TSMC dominates the market for manufacturing high-end chips.TSMC generated $76 billion in revenue last year. The analyst expects the company’s revenue to fall to about $68 billion—in line with the company’s current guidance. 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