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<Research>Citi Adds TSMC (2330.TW) TP to TWD1,400
TSMC (2330.TW)'s 2Q25 results once again beat expectations, Citi noted in its research report.Despite negative foreign exchange impacts, TSMC's 2Q GPM remained at 58.6% on ...
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<Research>Citi Adds TSMC (2330.TW) TP to TWD1,400
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TSMC (2330.TW)'s 2Q25 results once again beat expectations, Citi noted in its research report.

Despite negative foreign exchange impacts, TSMC's 2Q GPM remained at 58.6% on the back of the company's strong efficiency and high demand for advanced nodes.

Related NewsOvernight Shibor Hikes 12 bps to 1.535%
TSMC has raised its 2025 USD revenue growth target to 30% YoY, with capital expenditures remaining unchanged at USD38-42 billion. In light of the expected structural growth in demand for advanced nodes and AI, Citi reiterated the Buy rating on TSMC and raised its target price from TWD1,280 to TWD1,400.

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