花旗上调台积电目标价 技术优势助其维持增长

Core Viewpoint - Citi analysts have raised TSMC's target price, citing its technological advantages that will help maintain long-term structural growth [1] Group 1: Company Performance - TSMC is expected to maintain long-term structural growth due to its leading chip and advanced packaging technologies [1] - The company plans to mass-produce 2nm chips in the second half of the year, which will require high manufacturing complexity and precise 3D process control [1] - TSMC's accumulated expertise in process control is identified as one of its core competitive advantages, supporting its value realization [1] Group 2: Financial Projections - Citi forecasts that TSMC's average selling price will show an upward trend due to the technological iteration process and TSMC's leading position [1] - Revenue growth is projected at 15% for 2026 and 24% for 2027 [1] - Citi maintains a buy rating for TSMC and has raised its target price from 1280 NTD to 1400 NTD [1]