727 FinanceBlockBeats news, October 9, Bernstein said that sustained growth in artificial intelligence demand and resilient demand for high-end smartphones may continue to drive TSMC's (TSM.N) revenue growth. Based on monthly revenue data, TSMC's third-quarter revenue reached NT$1.49 trillion, 3% above the market consensus.
Bernstein expects TSMC's revenue in U.S. dollar terms to grow 41% this year. TSMC is about to release its full third-quarter financial report, and investors will focus on its 2-nanometer process capacity ramp-up, the possibility of further expansion in the United States, and its outlook for 2027. Bernstein previously expected upside to its forecast of 30% annual revenue growth for TSMC in 2027 and 2028.