高盛：台积电-对人工智能订单削减的担忧缓解以及 CoWoS 采用率上升，增长前景进一步强化

25 June 2025 | 8:38PM CST TSMC (2330.TW) Growth outlook further reinforced by easing concern on AI order cuts and growing CoWoS adoption; reiterate Buy (on CL); TP to NT$1,210 | 2330.TW | 12m Price Target: NT$1,210.00 | Price: NT$1,070.00 | Upside: 13.1% | | --- | --- | --- | --- | | TSM | 12m Price Target: $242.00 | Price: $220.09 | Upside: 10.0% | We are raising our earnings forecast for TSMC by 2-6% for 2025-2027E as we raise our 1) wafer revenue forecast for 3nm/5nm, partially to factor in our easing co ...