TSMC's AI Breakthrough: Path to a $90 Billion Windfall
Needham analyst Charles Shi outlined a path for TSMC to reach roughly $90 billion in AI-driven revenue by 2029, based on the company's own targets and projected AI accelerator shipments.
Shi's model suggests TSMC doesn't need dramatic increases in unit volume to hit its goal. Instead, he points to significant silicon content growth from adding more compute dies per package and shifting to custom high?bandwidth memory base dies.
While Shi retains a Buy rating on TSMC and has lifted his price target to $270 from $225, he warns AI revenue may slow into 2026 due to a pause in AI accelerator volumes and limited silicon growth in NVIDIA (NASDAQ:NVDA) Rubin products.
Looking ahead, Shi expects AI revenue to grow about 20% year?on?year in 2026, then accelerate to nearly 40% in 2027 and 45% in 2028 as new products like Rubin Ultra and Feynman drive higher silicon content.
The forecast underscores TSMC's pivotal role in powering the next wave of AI innovation.
Based on the one year price targets offered by 17 analysts, the average target price for Taiwan Semiconductor Manufacturing Co Ltd is $223.45 with a high estimate of $265.34 and a low estimate of $119.37. The average target implies a downside of -1.73% from the current price of $227.38.
Based on GuruFocus estimates, the estimated GF Value for Taiwan Semiconductor Manufacturing Co Ltd in one year is $244.12, suggesting a upside of +7.36% from the current price of $227.38.
This article first appeared on GuruFocus.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
HCM III Acquisition Corp. Announces Pricing of $220 Million Initial Public Offering
STAMFORD, CT, July 31, 2025 (GLOBE NEWSWIRE) -- HCM III Acquisition Corp. (the 'Company'), a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, announced today that it has priced its initial public offering of 22,000,000 units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. The units will be listed on the Nasdaq Global Market ('Nasdaq') and will begin trading tomorrow, August, 1, 2025, under the ticker symbol 'HCMAU." Each whole warrant is exercisable to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols 'HCMA' and 'HCMAW,' respectively. Cantor Fitzgerald & Co. is acting as sole bookrunner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any. The Company intends to focus on identifying businesses which provide disruptive technology or innovations within the financial services industry. The Company's efforts will be focused on acquiring established businesses that it believes are fundamentally sound, but in need of assistance to maximize their potential value. The Company is led by Shawn Matthews, Chairman and Chief Executive Officer; and Steve Bischoff, Chief Financial Officer. The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from: Cantor Fitzgerald & Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at prospectus@ A registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission ('SEC') on July 31, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. FORWARD-LOOKING STATEMENTS This press release contains statements that constitute 'forward-looking statements.' Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the 'Risk Factors' section of the Company's registration statement filed with the SEC and the preliminary prospectus included therein. Copies of these documents are available on the SEC's website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. About HCM III Acquisition Corp. HCM III Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on identifying businesses which provide disruptive technology or innovations within the financial services industry. The Company's efforts will be focused on acquiring established businesses that it believes are fundamentally sound, but in need of assistance to maximize their potential value. Media Contact:Steve Bischoff sbischoff@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Newmont Corporation Announces Sale of Holdings of Orosur Mining Inc.
DENVER, August 01, 2025--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont") announced today the sale of common shares ("Common Shares") of Orosur Mining Inc. (the "Issuer"). On July 31, 2025, Newmont disposed of 29,213,186 Common Shares in a private transaction, at a price of C$0.19 per Common Share, for aggregate gross proceeds of C$5,550,505.34 (the "Disposition"). Immediately prior to the Disposition, Newmont held 29,213,186 Common Shares. As a result of dilution following certain distributions of Common Shares by the Issuer, Newmont's holdings immediately prior to the Disposition represented approximately 9.4% of the issued and outstanding Common Shares on a non-diluted basis. As a result of this Disposition, Newmont no longer holds any Common Shares of the Issuer. The Common Shares disposed of were sold for investment purposes. Newmont may, depending on price, market conditions or other conditions or factors it considers relevant from time to time, increase its beneficial ownership, control or direction over Common Shares or other securities of the Issuer through market transactions, private agreements or otherwise. The address of Newmont is located at 6900 E Layton Avenue, Suite 700, Denver, Colorado 80237. About Newmont Newmont is the world's leading gold company and a producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to Cautionary Statement Regarding Forward-Looking Statements This release contains "forward-looking statements" within the meaning of applicable securities laws that are intended to be covered by the safe harbors created by Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and other securities legislation, including statements that use forward-looking terminology such as "may", "will", "expect", "anticipate", "potential" or other variations thereof or comparable terminology. Such forward-looking statements may include, without limitation, statements regarding future investments in Orosur. Forward-looking statements are subject to other factors that could cause actual results to differ materially from expected results. Investors should not place undue reliance on forward-looking statements. A number of factors that could cause actual results to differ materially from any forward-looking statement. For a discussion of such risks relating to Newmont's business and other factors, see its most recent Form 10-K, filed with the Securities and Exchange Commission under the headings "Risk Factors" and "Forward-Looking Statements." Newmont does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk. View source version on Contacts Media Contact – GlobalShannon Brusheglobalcommunications@ Investor Contact – GlobalNeil Investor Contact – Asia PacificNatalie Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Wire
an hour ago
- Business Wire
Japan Ministry of Defense's Air Self-Defense Force Powers Cloud Content Management with Box
TOKYO--(BUSINESS WIRE)--Box, Inc. (NYSE: BOX), the leading Intelligent Content Management (ICM) platform, today announced that the Japan Ministry of Defense's Air Self-Defense Force (ASDF) has selected and is deploying Box to power secure cloud content management and collaboration across its operations. With Box, ASDF can securely share information both internally and externally with affiliated agencies and partners, enabling close knowledge sharing between units. The ASDF plays a critical role in national defense by maintaining airspace security and supporting disaster relief efforts throughout Japan. In addition, the ASDF has an urgent need to digitize and automate its operations, and to integrate and streamline its information systems to counter recent sophisticated cyber-attacks, human resource constraints and the rapidly changing security environment. Until now, on-premise file servers were installed at each of the 73 bases across the country, but while stored securely, these servers faced capacity issues, created management and other workload burdens, and placed barriers to collaboration and access to content. With the introduction of Box, the entire 47,000-plus workforce will improve productivity and operational efficiency in a state-of-the-art digital environment, all with enhanced security and capacity. Key use cases with Boxes include: A secure collaboration environment for the vast amount of information and documents handled by the ASDF Improved business efficiency and security through extensive integration Detailed access rights control and trail management of various logs (activity logs, audit logs, etc.) Centralized content management (including advanced administrative document management) 'As government agencies are considering cloud services (e.g. SaaS) as their first choice in accordance with the cloud-by-default principle to improve organizational capabilities, public service and safety, the Ministry of Defense, Air Self-Defense Force is also enhancing its mission capability with Box's intelligent content management platform,' says Noriyuki Sato, President at Box Japan. 'We will continue to support the powerful combination of content plus AI built into Box, and contribute to the digital transformation of our customers in Japan as the leading platform for protecting enterprise content.' Box is FedRAMP High certified and registered with the Security Rating System for Government Information Systems (ISMAP) in Japan, and its reliability has been proven by government organizations around the world, including NASA and the US Air Force. About Box Box (NYSE:BOX) is the leader in Intelligent Content Management. Our platform enables organizations to fuel collaboration, manage the entire content lifecycle, secure critical content, and transform business workflows with enterprise AI. Founded in 2005, Box simplifies work for leading global organizations, including AstraZeneca, JLL, Morgan Stanley, and Nationwide. Box is headquartered in Redwood City, CA, with offices across the United States, Europe, and Asia. Visit to learn more. And visit to learn more about how Box empowers nonprofits to fulfill their missions.
