Taiwan Semiconductor Manufacturing Company Limited
Semiconductors
EPS actual vs. consensus — last 12 quarters
This headline has no meaningful relevance to TSM's business, financials, or competitive position.
TSM pushed back on purchasing ASML's next-generation High-NA EUV lithography machines, citing prohibitive cost, suggesting capital discipline but also potential delays in advancing to the most cutting-edge process nodes.
Expanding into advanced packaging on U.S. soil directly addresses Washington's pressure on TSMC to deepen American manufacturing presence and reduces geopolitical risk for customers who need onshore supply chains.
TSMC's ability to achieve next-node scaling without ASML's next-generation High-NA EUV machines means lower capital expenditure per wafer and faster ramp timelines, improving gross margin prospects.
Barclays lifted its price target to $470 following TSMC's strong Q1 print and bullish 2026 guidance, implying meaningful upside from recent trading levels and reinforcing the overweight thesis on continued AI-driven wafer demand.
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