S&P Global Upgrades TSMC Outlook Due to Strong Market Position and AI Chip Demand

S&P Global Ratings has upgraded its outlook on Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) to positive, citing the company's enhanced market leadership. This revision is driven by intense demand for advanced chips used in AI applications and cloud infrastructure, which is currently exceeding TSMC's manufacturing capacity. The strong demand is expected to boost the company's revenue and EBITDA growth by over 30% annually through 2027, leading to improved cash flow.