Foreign brokerage CLSA raised its TSMC target price to NT$3,700 on August 19. The new target represents an 11.1% increase. The firm also lifted 2026–2028 earnings forecasts by 8% to 15%.
TSMC’s spending will reach US$80 billion in 2027. Annual spending will hit US$90 billion by 2028. This investment supports AI infrastructure and demand from key customers like Apple.
TSMC shares closed down 1.26% following the report. The stock ended the session at NT$2,350, falling below key monthly and quarterly moving averages.
Samsung is reportedly raising chip prices due to intense AI demand. TSMC’s advanced packaging capacity remains fully booked, signaling high underlying demand.