TSMC (TSM) Revenue Growth Driven by AI Chip Demand

According to a report by Morgan Stanley analysts, TSMC (TSM, Financial) is expected to sustain a compound annual growth rate (CAGR) of 15%-20% over the next five years. This growth is propelled by increasing demand for AI chips and outsourced business from integrated device manufacturers.In the fourth quarter, TSMC's gross margin is projected to slightly increase to 55.5% from the previous quarter's 55%, driven by robust demand for AI chips and an increase in the production of Apple's 3nm chips. Following a ...