TSMC dividend payout and AI-driven growth lift stock and price targets

Taiwan Semiconductor Manufacturing Co (TSMC) announced a cash dividend of NT$6 per share, amounting to roughly NT$1.56 trillion and benefiting about 2.84 million shareholders. The company’s largest shareholder, the National Development Fund, is set to receive around NT$99.2 billion. After the ex‑dividend date, TSMC shares slipped about 1.2%, trading near NT$2,435‑2,450.

Investors are focused on the upcoming earnings call on July 16, where analysts expect the firm to confirm strong demand for AI‑related chips. Citi has raised its price target for TSMC to NT$3,800, with other banks setting targets between NT$3,300 and NT$3,500. The outlook is supported by full utilisation of its 2nm and 3nm processes, continued pricing power through 2027, and plans to expand advanced packaging capacity. Market sentiment has also pushed the stock up roughly 4.1% in recent trading.

The dividend distribution and optimistic forecasts underline TSMC’s pivotal role in the global semiconductor supply chain and its influence on investors worldwide.