Overview
- Full-year 2025 revenue reached NT$3.81 trillion, up 31.6% from 2024 on robust AI infrastructure and high‑performance computing demand.
- Goldman Sachs lifted its target to NT$2,330 and raised 2026–2027 earnings estimates by up to 15%, citing a multi‑year AI growth engine.
- JPMorgan increased its target to NT$2,100 and projects roughly 30% revenue growth in 2026 on rising N3 demand and an N2 ramp.
- The U.S. Commerce Department granted TSMC’s Nanjing fab an annual export license, allowing U.S.-controlled equipment shipments without individual vendor approvals.
- Analysts expect tight capacity at advanced nodes and packaging with multi‑year capex likely to rise, as management prepares to outline 2026 spending and outlook on Jan. 15.