0827 GMT - TSMC seems well positioned despite uncertain tariff policies, Citi analysts say in a research note. TSMC doesn't ship directly to the U.S. and its technology is essential for most of the advanced chips, they say. "As there is no sign of AI infrastructure investment slowing down into next year, we believe AI will remain a strong growth engine for TSMC," they say. Chip advanced packaging demand has been an indicator for TSMC's AI business growth and it has been doubling in the past two years, they say. Citi expects TSMC's advanced packaging capacity to grow about 20% into 2026 and 40% in 2027. TSMC's 2025 capital expenditure could reach the middle range of its guidance of US$38 billion-US$42 billion. Shares last ended 0.5% higher at NT$1,075.00. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
June 26, 2025 04:27 ET (08:27 GMT)
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