TSMC Projects 25% Annual Revenue Growth Through 2029 as Earnings Set to Double

Taiwan Semiconductor Manufacturing Company (TSMC) has released an optimistic long-term outlook, projecting a compound annual growth rate (CAGR) of 25% for its revenue through 2029. This robust growth trajectory is expected to result in the company nearly doubling its earnings, assuming current profit margins and market valuations remain stable. The forecast underscores the sustained global demand for advanced semiconductors, particularly in the AI and high-performance computing sectors. Analysts suggest that TSMC’s dominant market position allows it to capitalize on these secular trends more effectively than its competitors. Consequently, the outlook provides a strong bullish signal for the broader semiconductor industry and related tech stocks like NVDA and AAPL. This projection reinforces investor confidence in the sustainability of the current tech cycle and the long-term profitability of the chipmaking giant.