Taiwan Semiconductor’s revenue growth is slated to be strong and steady over the next five years. Multiple tailwinds, especially in artificial intelligence (AI), are blowing in its favor. Management believes that AI-related chips will grow at a 50% compounded annual growth rate (CAGR) through 2028, when they will make up around the low teens of its overall revenue. That’s a strong growth rate, and much of the future growth will be powered by its 2 nanometer (nm) chip design. Taiwan Semiconductor (NYSE: TSM) has been a brilliant investment over the past five years. Its total return is around 350%, easily outperforming the NASDAQ 100 and the S&P 500, which rose 170% and 110%, respectively. Is Taiwan Semiconductor’s worth investing for long term ?
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