TSMC (TSM) Projected to Maintain Strong Revenue Growth Fueled by AI Demand

Analysts at Morgan Stanley predict that Taiwan Semiconductor Manufacturing Company (TSM, Financial) could continue achieving a compound annual growth rate (CAGR) of 15%-20% in revenue over the next five years. This growth is primarily driven by the rising demand for artificial intelligence (AI) chips and outsourcing by integrated device manufacturers.The analysts expect TSMC's gross margin to increase slightly from 55% in the third quarter to 55.5% in the fourth quarter, spurred by robust demand for AI chip ...