Lates News

Analysts at Citigroup pointed out in their report that TSMC may achieve stronger revenue growth in the next two years. They noted that chip demand is not only continuing to grow in the field of artificial intelligence accelerators but also expanding to a wider ecosystem including central processors, network chips, and co-packaged optical devices. They stated that the tightening supply environment has strengthened TSMC's bargaining power and gross margin resilience. The report mentioned that due to the market's demand for larger and more advanced chips, TSMC's revenue related to artificial intelligence may double. Citigroup predicts that 2-nanometer chips will become TSMC's largest revenue contributor and will have clear order visibility for at least the next three years. Citigroup has raised TSMC's target price from 2600 New Taiwan dollars to 2800 New Taiwan dollars. Currently, its stock price is 1780.00 New Taiwan dollars.