Taiwan Semiconductor Manufacturing Company (TSMC) trades on the NYSE under ticker TSM at approximately $326 per share as of February 2026. The stock reached an all-time high of $351.33 in January 2026, reflecting strong AI chip demand.
Stock Price of TSMC
TSMC Stock Forecast
Wall Street maintains a Strong Buy consensus on TSM with an average price target of $396.83. Analysts project shares could reach $400-450 by late 2026, driven by AI accelerator demand and 3nm/2nm chip production expansion. J.P. Morgan and Goldman Sachs recently raised targets, citing 30% revenue growth guidance for 2026. Long-term forecasts suggest potential for $500+ by 2028, though geopolitical risks around Taiwan remain a concern for some investors.
TSMC Valuation
Timeline of TSMC Funding
1987
Founded with $220 million initial capital. Taiwan's National Development Fund contributed 48.3% ($106M), Philips invested $58M for 27.6% stake, and eight private Taiwanese companies provided remaining capital.
1994
IPO on Taiwan Stock Exchange (TWSE: 2330). Initial market cap of $3.73 billion. First Taiwanese semiconductor company to go public domestically.
1997
Listed on NYSE (TSM) at split-adjusted price of $5.27 per ADR. First Taiwanese company on the New York Stock Exchange. Raised additional capital for expansion.
2020
Announced $12 billion investment for Arizona fab facility. U.S. government CHIPS Act subsidies later increased total U.S. investment commitment to $65 billion.
2024-2026
Capital expenditure budget reached $56 billion for 2026. Japan subsidiary JASM received ¥476 billion subsidy from METI. Market cap exceeded $1.5 trillion.
TSMC Investors
National Development Fund
Taiwan Government Entity
Original founding investor (1987)
6.38% stake (~1.65B shares)
Capital Research & Management
U.S. Asset Manager
Second largest institutional holder
5.67% stake (~1.47B shares)
The Vanguard Group
U.S. Index Fund Manager
Major passive investment holder
4.00% stake (~1.03B shares)
BlackRock, Inc.
U.S. Asset Manager
Added 2.7M shares in Q3 2025
~$765M position value
Philips (Historical)
Dutch Electronics Company
Original 27.6% founding stake. Fully divested by 2007.
Exited position
Morris Chang
Founder & Former Chairman
Retained stake after 2018 retirement
~0.5% stake (~125M shares)