Svmuu News UBS raised its target price for TSMC, the world’s leading wafer foundry, from 3,000 New Taiwan dollars to 3,400 New Taiwan dollars on Monday, while maintaining a “Buy” investment rating.At the same time, the brokerage firm raised its 2026 overall revenue growth forecast for TSMC, noting that the company’s earnings growth momentum is expected to continue over the medium to long term. It also anticipates that the company will likely initiate product price increases in early 2027, further boosting its profit margins.
UBS It is projected that TSMC will continue to increase its capital expenditures from 2026 to 2028 and implement multiple rounds of capacity expansion plans, effectively alleviating industry pain points such as chip supply shortages and customer supply chain concentration.Current market demand for CPUs, AI accelerators, and edge computing applications continues to grow, serving as the core driver for the company’s capacity expansion. (CLS)