Taiwan Semiconductor (TSM) Uproots Apple

daz999999999
03-20 13:28
$Taiwan Semiconductor Manufacturing(TSM)$  


Key Highlights

For the first time in more than ten years, AI processors have replaced smartphones as the primary revenue catalyst for TSMC

Nvidia’s contribution to TSMC’s total revenue has reached approximately 19%, surpassing Apple’s 17% share

February revenue hit NT$317.66 billion (~$10.1 billion), marking a 22.2% increase compared to the previous year

The opening two months of 2026 show nearly 30% year-over-year growth, representing the company’s most robust off-peak performance on record

TSM shares currently trade at approximately 23x forward earnings, with analyst consensus targeting $423.50—suggesting potential upside exceeding 24%

For more than a decade, Apple dictated TSMC’s operational rhythm. Every autumn brought a wave of iPhone component orders, and the semiconductor giant’s fortunes ebbed and flowed accordingly. That chapter has definitively closed.

Modified in.03-21 09:02
TSMC's sales increased significantly year-on-year in February and January-February 2026, affected by AI demand and the situation in the Middle East
TSMC's sales in February 2026 were NT$317.66 billion, representing a year-on-year increase of 22.2% and a month-on-month decrease of 20.8%; From January to February, the cumulative sales amounted to NT$718.91 billion, up 29.9% year-on-year. The growth was primarily driven by global AI hardware demand, reflecting strong momentum in AI infrastructure construction. The conflict in the Middle East has caused the market to pay attention to the uncertainty of data center investment demand. As the core foundry of AI chips, TSMC's performance is regarded as the weather vane of the global AI industry prosperity.
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