Taiwan Semiconductor Manufacturing Company reported record August revenue of T$514.8 billion ($16.35 billion), a 53.3% jump from a year earlier and a 10.1% increase from July, marking its fourth consecutive month of monthly growth. Year-to-date revenue reached T$3.38 trillion, up 39.3% compared with the same period in 2025.
Demand for TSMC’s most advanced chipmaking processes has kept capacity tight. According to TrendForce, the company’s 5-, 4-, and 3-nanometer capacity was fully booked through the second quarter. During its Q2 earnings call, TSMC described AI-related demand as extremely robust, reported a 77% year-on-year profit jump, and forecast Q3 revenue between $44.6 billion and $45.8 billion. TSMC holds a dominant 72.5% share of the global foundry market, followed by Samsung Foundry at 5.9% and SMIC at 5.4%.
TSMC also said it plans to adopt ASML’s High NA chipmaking technology for large-scale manufacturing of advanced nodes starting in 2030. The company’s stock has doubled over the past 12 months and surged sixfold since late 2022.
Separately, Piper Sandler initiated coverage on five chip stocks with Overweight ratings. Analyst David O’Connor projects the AI compute market will reach $2.2 trillion by 2030. Nvidia received a $300 price target and was described as the outright leader in AI compute with about 80% market share. Broadcom was initiated at $460, with demand estimated at roughly twice available supply for custom ASIC chips. AMD received the highest target at $600, with earnings per share forecast to grow at a 65% compound annual rate through 2030. Arm Holdings was started at $320, and Marvell Technology at $270, with its $120 billion Google agreement called transformative. Intel and Qualcomm were initiated at Neutral with $110 and $190 targets, respectively.
