The recent surge of agentic artificial intelligence has accelerated demand for high‑performance central processing units (CPUs). Analysts predict that this trend will drive a faster‑than‑expected expansion in the CPU market, positioning it as a potential new growth engine for TSMC.

Bernstein analysts now project that TSMC’s CPU revenue will reach the high $30 billion range by 2027, accounting for roughly a mid‑teen percent share of the company’s total earnings. This projection underscores the growing importance of CPUs amid the broader AI hardware boom.

With CPUs projected to match the wafer‑revenue contribution of AI accelerators—including GPUs and ASICs—in 2027, the company’s earnings mix could shift significantly. The shift reflects the broader industry pivot toward versatile silicon that supports both general‑purpose and specialized workloads.

In light of this outlook, Bernstein has raised TSMC’s target price to NT$3,300 from NT$2,780, noting the company’s valuation remains attractive versus peers. Shares closed at NT$2,400, reflecting market reaction to the updated guidance.