TSMC January Revenue Soars 36.8% to NT$401.3 B, Securing Apple Chip Supply
Taiwan Semiconductor’s January revenue climbed 36.8% year-over-year to NT$401.3 billion, pushing its ADR near a 52-week high, driven by surging AI chip orders. DA Davidson’s Gil Luria initiated coverage with a Buy rating and NT$13,500 target, citing its 60% gross margin and reliable execution securing capacity for Apple
1. AI Demand Fuels Record Revenue
Taiwan Semiconductor Manufacturing reported January sales of NT$401.3 billion, a 36.8% increase from a year earlier, as AI-driven modernization and data center expansion lifted demand for leading-edge nodes.
2. Strategic Importance for Apple
As a major foundry partner for Apple’s A-series and custom SoCs, Taiwan Semiconductor’s production gains and high utilization rates underpin Apple’s device roadmap, helping mitigate supply risks into H2 2026.
3. Analyst Upgrade and Margin Strength
DA Davidson’s Gil Luria initiated coverage with a Buy rating and NT$13,500 price objective, highlighting the company’s 60% gross margin and track record of converting architectural shifts into cost-efficient volume shipments.