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TSMC Eyes $3 Trillion Valuation by 2028
7 Sep
Summary
- TSMC's market value could surpass $3 trillion before 2029.
- The company needs approximately 14% annual growth to reach its target.
- Second-quarter revenue surged 36% year-over-year, with net income up 77%.
Taiwan Semiconductor Manufacturing (TSMC) is on track to potentially surpass a $3 trillion market capitalization before the end of 2028. This projection indicates a need for sustained growth, requiring an approximate compounded annual return of 14% from its current market value of about $2.2 trillion.
This growth target is considered achievable given TSMC's robust business performance. The company recently reported a 36% year-over-year increase in second-quarter revenue, reaching NT$1.27 trillion ($40.2 billion USD). Net income saw a significant surge of 77% in the same period.
Further bolstering these projections, TSMC's July revenue alone grew about 45% year-over-year, contributing to a 37% revenue increase for the first seven months of 2026. Management has raised its full-year outlook, anticipating revenue growth to exceed 40% in U.S. dollar terms.
The company's financial chief, Wendell Huang, cited strong demand for its advanced process technologies, including a significant ramp-up of its 2-nanometer technology, as a key driver for expected continued business support into the third quarter of 2026.
