The bank also lifted its 2026 sales growth forecast for TSMC and said the chipmaker may begin raising product prices in early 2027.
UBS raised its target price for TSMC to NT$3,400 from NT$3,000 and maintained a buy rating on the company. The bank also increased its forecast for TSMC’s sales growth in 2026, said the chipmaker’s growth momentum could extend over the medium to long term, and predicted TSMC may start raising product prices in early 2027. The updated view points to stronger confidence in TSMC’s earnings trajectory and pricing power as investors watch semiconductor demand and margin outlook.