Citigroup raised its price target on TSMC to NT$3,800 from NT$2,875. The bank says TSMC, due to report Q2 results in mid‑July, may further lift 2026 revenue guidance on sustained demand for leading‑edge chips and improved long‑term visibility. Citigroup highlights TSMC's scale advantage as a key differentiator supporting wafer pricing, customer stickiness and sustainable gross margins amid intensifying foundry competition. The bank adds TSMC remains a primary beneficiary of ongoing AI semiconduc

Citigroup raised its price target on TSMC to NT$3,800 from NT$2,875. The bank says TSMC, due to report Q2 results in mid‑July, may further lift 2026 revenue guidance on sustained demand for leading‑edge chips and improved long‑term visibility. Citigroup highlights TSMC's scale advantage as a key differentiator supporting wafer pricing, customer stickiness and sustainable gross margins amid intensifying foundry competition. The bank adds TSMC remains a primary beneficiary of ongoing AI semiconductor demand regardless of client mix.