TSMC market value projected to exceed $3 trillion by 2029

Taiwan Semiconductor Manufacturing Company (TSMC) is experiencing significant growth, with projections suggesting its market value could exceed $3 trillion before 2029. This trajectory is supported by strong financial performance; second-quarter revenue rose 36% year-over-year to NT$1.27 trillion ($40.2 billion), while net income surged 77%.

Technological advancements are also driving momentum. Reports indicate that TSMC’s 3nm process is expected to overtake 5nm as the top revenue-generating node in the second half of 2026, with output value potentially exceeding NT$400 billion. Additionally, initiatives such as Taipower’s green power sandbox may help address electricity surplus challenges for the company.

Management has provided optimistic guidance, forecasting third-quarter revenue between $44.6 billion and $45.8 billion, representing an acceleration in growth compared to the previous quarter.