TSMC January Revenue Climbs 36.8% to NT$401.3B, Shares Near 52-Week High
Taiwan Semiconductor’s January revenue surged 36.8% year-over-year to NT$401.3 billion, topping its full-year growth target and pushing its shares near a 52-week high. A research firm initiated coverage with a Buy rating and NT$450 price forecast, highlighting the company’s 60% gross margin and operational discipline.
1. Coverage Initiation and Price Forecast
An equity research firm initiated coverage of Taiwan Semiconductor with a Buy rating and a NT$450 price target, citing the company’s disciplined execution and leading 60% gross margin as key competitive advantages.
2. Strong January Revenue Growth
TSMC reported January revenue of NT$401.3 billion, up 36.8% year-over-year and exceeding its 30% full-year growth target, as AI-driven demand for advanced chips lifted foundry orders across logic and high-bandwidth memory nodes.
3. Big Tech Spending Tailwinds
Capital expenditure forecasts from major tech clients, including Google’s $175–185 billion and Amazon’s $200 billion plans for 2026, alongside projections of $550–600 billion in total Big Tech spending, support expectations of sustained demand and semiconductor revenue approaching $1 trillion.