TSMC Faces Revenue 'Uncertainty' In 2028-29 As AI Investments Need To Prove Their Returns, Morningstar Analyst Says - TradingView

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, faces growing uncertainty in its revenue outlook, particularly from 2028 to 2029, according to a Morningstar ... Read original →

The AI-driven boom has boosted TSMC’s short-term performance, but long-term returns remain uncertain. Technologically, while advanced nodes like 3nm and 2nm remain central, AI chip demand is reshaping the entire supply chain, with image sensors emerging as a new growth area. From a compliance standpoint, geopolitical tensions are heightening supply chain risks, prompting TSMC to expand overseas—such as its joint venture with Sony in Japan—but at the cost of higher operational expenses and regulatory hurdles. Competitors like Intel and Samsung are aggressively advancing AI-specific chips, intensifying market rivalry. In the next 12–24 months, if AI investments fail to deliver tangible results, TSMC may face decelerating revenue growth. The industry is shifting from a technology race to a value-validation phase.