Overview

• TSMC reported August revenue of NT$335.77 billion, up 3.9% from July and 33.8% year over year, with January–August sales up 37.1% to NT$2.43 trillion.
• Shares traded up about 2.5% premarket Wednesday after a technical breakout Tuesday above $248.28 that followed a CFRA upgrade to Buy with a $295 target.
• Wall Street sentiment remains positive, with recent Buy ratings including Needham at $270 and Bank of America at $290, and most covering analysts rating the stock a Strong Buy.
• SEMI projects global chip equipment sales to rise 7.4% in 2025 and 10% in 2026, with Taiwan’s equipment investments expected to jump over 70% to $28 billion on GPUs, HBM, advanced packaging, and 3D stacking.
• TSMC’s technology mix remains advanced, with Q2 revenue up 44% year over year and 3nm, 5nm, and 7nm nodes accounting for 74% of wafer revenue as it supplies AI processors to Nvidia, AMD, and Broadcom.