During trading, its share price briefly hit 1,230 yuan (€35.2) before closing at 1,225 yuan (€35.1). That gave the outfit a market value of 31.76 trillion yuan (€908.4 billion), making it the eleventh largest company on the planet.
For the first eight months of the year, TSMC has already stacked up 2.43 trillion yuan (€69.5 billion) in revenue, 37.1 per cent higher than last year. Analysts reckon that since the company has already smashed more than 70 per cent of its US dollar forecast this quarter, it only needs to bring in about 260 billion yuan (€7.4 billion) in September to hit the low end of its guidance.
At its recent financial conference, TSMC forecast third-quarter US dollar revenue between $318 billion and $330 billion (€291-€302 billion), with an average of $324 billion (€296 billion). That’s an eight per cent rise on the previous quarter, though margins are expected to slip to 55.5–57.5 per cent.
With July and August revenues already totalling 6589.38 billion yuan (€188.3 billion), the cocaine nose jobs of Wall Street reckon TSMC is on course to deliver around 9396 billion yuan (€268.6 billion) in the third quarter. September’s haul only needs to land between 2600 billion yuan (€74.3 billion) and 2980 billion yuan (€85.1 billion) for the numbers to balance.
TSMC says its second-half business surge will be driven by the AI gold rush, with accelerator revenue expected to double this year. From 2024, the outfit sees a compound annual growth rate of 44 to 46 per cent for the next five years.
TSMC chairman and president Wei Zhejia told investors in July: “In US dollars, TSMC's full-year US dollar revenue outlook for 2025 is expected to increase by about 30 per cent, which has been revised up from the previous legal conference in April.”
He said the main driver was demand for 3nm and 5nm technologies and the growth of HPC.
The company has also warned about US tariffs, saying it would tread carefully through 2025 and 2026, while continuing to throw money at what it calls “future megatrends.” It insists its strategy rests on technology leadership, manufacturing excellence and customer trust.