Reported 11 months ago
After Computex on June 9, 2024, Barclays Securities summarized that with the surge in AI demand, future 2nm demand will be strong, potentially generating $30 billion in revenue for TSMC in 2026. Consequently, Barclays raised TSMC's ADR target price by 13% to $170, maintaining an 'outperform' rating. Barclays forecasts that 2nm will be a 'very very large' process and anticipates faster growth than 3nm due to AI value chain-driving factors like HPC and data centers. Even though the 2nm process won't be introduced quickly, it's expected to occupy one-third of Intel's capacity by the end of 2026. ASML is also expected to benefit from the strong demand for 2nm, as per Barclays.
Source: YAHOO