tsmc's rally faces 33 billion yuan wall: can it break 1200?

2025-08-13 tsmc

taipei, Wednesday, 13 August 2025.
Taiwan Semiconductor Manufacturing’s stock is battling fierce headwinds. Approaching the 1200 yuan mark, a massive 33 billion yuan sell wall is testing its ascent. Despite positive earnings, 27,000 sell orders are stacked near 1195 yuan, creating a formidable barrier. Will tsmc overcome this selling pressure and shatter the 1200 yuan resistance, or will investors cash in? The stock closed at a new high of 1200 NTD today.

market performance and shareholder activity

TSMC’s stock price closed at 1200 yuan on August 13, 2025, marking a rise of 20 yuan, or 1.69% [2][4]. The company’s market capitalization has surged to 31.12 trillion yuan [4]. Despite the stock’s potential, approximately 200,000 shareholders missed out on these gains, having sold their shares since TSMC’s shareholders meeting in June when the stock price was 950 yuan [3]. TSMC’s Chairman, C. C. Wei, had stated that “buying more TSMC stock won’t be wrong” [3]. Those who heeded this advice have seen substantial returns [3].

analyst perspectives and future eps projections

Analysts project a positive outlook for TSMC. One analyst estimates the company’s earnings per share (EPS) could reach 59.66 yuan this year [4]. Driven by robust demand for AI high-end chips and the anticipated influx of Nvidia GB300 orders, next year’s EPS is projected to climb to 66 yuan [4]. This would mark a new record, fueled by TSMC’s leading-edge process technology [4]. The stock has rebounded significantly from its low of 780 yuan on April 9, outperforming the overall Taiwan stock market with an increase exceeding 50% [4].

institutional investor actions and capital expenditure

Recent trading activity reveals mixed sentiment among institutional investors. Foreign investors have been net sellers for three consecutive days, offloading a total of 7,167 shares since August 8, 2025 [5]. Conversely, proprietary trading increased by 326 shares on August 11, while investment trusts purchased 259 shares on August 12 [5]. The company’s board approved a significant capital expenditure budget for machinery, real estate, and capitalized lease assets [5]. A capital expenditure of approximately $20.6575 billion was approved by TSMC’s board on August 12, 2025 [4].

broader market context and taiwan’s manufacturing push

The Taiwan stock market closed up 211.66 points at 24,370.02 points on August 13, 2025, with a trading volume of 558.223 billion NTD [1]. Amidst ongoing trade tensions, electronic and semiconductor stocks remain resilient, supported by TSMC’s investments in the United States [7]. This has allowed the Taiwan stock market to maintain its ground above the 24,000-point level [7]. Other Taiwanese companies are also expanding their manufacturing presence in the U.S., with plans for significant investments [7].

Bronnen

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