TSM

TSMC

Leading-edge foundry; CoWoS bottleneck.

Last

$375.10

Change

-1.26%

Market cap

$1945.5B

60-day price

Near-term (0-6mo)

Earnings reported today (4/16): revenue and margin beat. Q2 guidance up. Key metric is CoWoS capacity expansion timeline — reportedly adding 2x capacity in 2026 but still short of demand.

Mid-term (6-24mo)

Arizona Fab 1 entering production in 2026; Japan Kumamoto fab ramping. N2 node ramp in H2 2026 is the next capacity cliff. CoWoS/SoIC advanced packaging remains the true bottleneck — watch for capex allocation toward packaging vs. front-end.

Catalysts

Q2 guidance beat just reported
Arizona fab production ramp updates
CoWoS capacity expansion milestones
N2 node qualification timeline

Risks

Geopolitical Taiwan risk unchanged
US export controls to China could reduce utilization
Advanced packaging capex intensity rising faster than revenue

Options flags

monthly_liquid · Apr 16, 2026

Monthly Apr 16, 2026 chain likely liquid. Prefer ATM/ITM-20 over OTM to force discipline.

← back to universe