TSMC(US:TSM) Jing Ji Ri Bao·2025-06-07 22:33Core Viewpoint - The application of artificial intelligence (AI) in smartphones, personal computers, and data centers, along with TSMC's increasing market share in Foundry 2.0, is expected to drive TSMC's market value to potentially reach $3 trillion in the next five years [1][2] Group 1: TSMC's Market Position - TSMC currently holds a 67% share of the global third-party foundry market, significantly higher than Samsung's 11% [1] - TSMC's foundry market share has increased from 58% a few years ago to its current level, indicating a stable upward trend [1] - TSMC's market share in the Foundry 2.0 segment is projected to grow to 37% this year, up from 28% last year [2] Group 2: AI Chip Demand - The demand for AI chips is expected to significantly benefit TSMC, with projections indicating a compound annual growth rate (CAGR) of around 35% for the global AI chip market by 2033 [1] - TSMC anticipates a potential CAGR in revenue from AI accelerators designed by companies like NVIDIA and AMD to reach the mid-40s percentage over the next five years [1] Group 3: Revenue Projections - The Foundry 2.0 market is expected to grow by 11% in 2025, with revenues reaching $298 billion this year [2] - If TSMC's Foundry 2.0 revenue share increases to 60% in five years, annual revenue could reach $262 billion, tripling from 2024 levels [2] - TSMC's current stock price is approximately 11 times its revenue, and a slight increase in this ratio could lead to a market value of $3 trillion in the next five years [2]