TSMC Investor Conference: Market Outlook and Impact of U.S. Tariff Policies
A highly anticipated investor conference for Taiwan Semiconductor Manufacturing Co. (TSMC) is coming up on January 16th, and analysts are keeping a close eye on it for insights into the market outlook and the potential impact of U.S. tariff policies.
Liu Pei-chen, a researcher at the Taiwan Industry Economics Database of the Taiwan Institute of Economic Research (TIER), shared her expectations for positive signals from the conference. She predicts that Taiwan’s semiconductor industry is on track to exceed NT$6 trillion (US$186 billion) in output by the end of 2025, marking a 16.5 percent year-on-year growth, with TSMC leading the way with an anticipated 20 percent increase.
According to Liu, the growth in the semiconductor sector will be largely driven by artificial intelligence (AI), with TSMC positioned as a top player in AI chip production and poised to benefit from increased demand. The company is expected to see growth fueled by orders for NVIDIA’s B200 and B300 chips, as well as demand for application-specific integrated circuits (ASIC) and AI processors for smartphones and computers.
Looking ahead, the increasing demand for 3nm and 5nm chips in AI applications will be significant factors in propelling TSMC’s expansion in the upcoming year.
In addition to market trends, analysts are also paying attention to the potential impacts of U.S. tariff policies under the upcoming administration. While TSMC’s chips are not directly exported to the U.S., any changes in import duties on U.S.-bound goods could have indirect effects on the company through price impacts that may affect both the U.S. and global economies.
Overall, the investor conference promises to provide valuable insights into TSMC’s outlook and the broader semiconductor industry’s trajectory. Stay tuned for updates on the outcomes of the conference.
