TSMC (TSM) Receives Higher Target Price from Citi Analysts

by MarketNewsData

Citi analysts remain bullish on Taiwan Semiconductor (TSMC), citing long-term structural growth driven by its edge in chipmaking and packaging technology.

🧠 Key Points:

  • 2nm Chips Coming Soon: Mass production of TSMC’s advanced 2nm chips is set to begin in H2 2025. The process involves sophisticated 3D integration and high manufacturing complexity.
  • Process Control Edge: Citi says TSMC’s deep expertise in process control is a key competitive moat, allowing the company to command higher prices.
  • Revenue Outlook:
    • +15% growth expected in 2026
    • +24% growth forecast for 2027
    • ASPs (average selling prices) projected to rise as tech migrates forward
  • Rating & Target:
    • Rating: Buy maintained
    • Target Price Raised: NT$1,400 (from NT$1,280)

🔍 Citi says TSMC is well-positioned to “sell its value” as next-gen chips become more complex and essential.

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