Overview
- Bernstein reaffirmed an Outperform rating with a $330 price target on Dec. 10, projecting Q4 revenue could beat the midpoint of guidance by about 3–4% if recent momentum continues.
- November revenue reached NT$344 billion, up 24.5% year over year, bringing October–November sales to NT$711 billion, or 71% of TSMC’s fourth‑quarter guidance.
- U.S. customers accounted for more than three quarters of this year’s sales, reflecting demand concentrated in AI and mobile chips from clients such as Nvidia, Broadcom and Apple.
- TSMC plans to begin installing equipment at its second Arizona fab by summer 2026, with potential 3‑nanometer production in the U.S. in 2027 after an accelerated timetable.
- U.S. officials said the company’s stateside investment could ultimately exceed $200 billion and support roughly 30,000 jobs as the build‑out spans fabs, advanced packaging and R&D.