TSMC could reach $3 trillion market value by 2028 as AI demand lifts TSM, 2330

Taiwan Semiconductor Manufacturing Co. could join the $3 trillion market-cap club by 2028, The Motley Fool reported, citing Wall Street forecasts and sustained demand for AI and high-performance computing chips. TSMC, traded as 2330 in Taiwan and TSM in the U.S., recently surpassed $2 trillion in market value. A move to $3 trillion would imply about 47% capital appreciation. The report said TSMC controls about 72% of the global foundry market and produces more than 90% of the world’s most advanced semiconductors. Major customers include Nvidia, Alphabet, Apple, Microsoft, Arm and Advanced Micro Devices. For the first quarter of 2026, TSMC reported revenue of $35.9 billion, up 41% from a year earlier, while ADS earnings rose 58% to $3.49. Gross margin increased to 66.2%, and operating margin reached 58.1%. The company guided second-quarter 2026 revenue to about $39.6 billion and operating income to $22.7 billion at the midpoint. Analysts forecast revenue of $163.5 billion in 2026, $207.1 billion in 2027 and $253.3 billion in 2028.