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Taiwanese (TAIEX) Semiconductors Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies300
  • 7D0.008%
  • 3M35.4%
  • 1Y91.7%
  • YTD22.8%

The Semiconductors industry has gained 2.6% in the last week and ASPEED Technology up 23%. In the last 12 months, the industry was up 84%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the Taiwanese Semiconductors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026NT$66.3tNT$7.6tNT$2.1t37.2x31.5x8.7x
Sun, 15 Feb 2026NT$65.4tNT$7.6tNT$2.1t34.2x31.3x8.6x
Tue, 13 Jan 2026NT$57.5tNT$7.3tNT$1.9t32.4x30x7.9x
Thu, 11 Dec 2025NT$51.2tNT$7.3tNT$1.9t30.3x26.7x7x
Sat, 08 Nov 2025NT$49.0tNT$7.3tNT$1.9t31.8x25.6x6.7x
Mon, 06 Oct 2025NT$46.8tNT$7.1tNT$1.8t32x26.3x6.6x
Wed, 03 Sep 2025NT$39.9tNT$7.1tNT$1.8t30.6x22.4x5.6x
Fri, 01 Aug 2025NT$39.5tNT$7.0tNT$1.8t24.9x21.7x5.6x
Sun, 29 Jun 2025NT$37.4tNT$6.8tNT$1.7t25.8x22.2x5.5x
Tue, 27 May 2025NT$34.3tNT$6.7tNT$1.7t25.3x20.4x5.1x
Thu, 24 Apr 2025NT$31.2tNT$6.7tNT$1.7t22x18.5x4.7x
Sat, 22 Mar 2025NT$35.0tNT$6.4tNT$1.5t27.5x22.7x5.5x
Mon, 17 Feb 2025NT$37.6tNT$6.4tNT$1.5t30.6x24.4x5.9x
Wed, 15 Jan 2025NT$37.8tNT$6.1tNT$1.4t27.3x26.8x6.2x
Fri, 13 Dec 2024NT$37.3tNT$6.1tNT$1.4t30.2x26.5x6.1x
Sun, 10 Nov 2024NT$38.1tNT$6.1tNT$1.4t31.6x27.1x6.3x
Tue, 08 Oct 2024NT$35.7tNT$5.8tNT$1.3t30.9x27.8x6.2x
Thu, 05 Sep 2024NT$32.3tNT$5.8tNT$1.3t29.6x25.1x5.6x
Sat, 03 Aug 2024NT$32.5tNT$5.8tNT$1.3t28.5x25.5x5.6x
Mon, 01 Jul 2024NT$35.6tNT$5.5tNT$1.2t31.6x29.5x6.4x
Wed, 29 May 2024NT$32.5tNT$5.5tNT$1.2t32.4x26.9x5.9x
Fri, 26 Apr 2024NT$28.8tNT$5.4tNT$1.2t30.9x24.5x5.3x
Sun, 24 Mar 2024NT$30.0tNT$5.4tNT$1.2t30.4x25.7x5.6x
Tue, 20 Feb 2024NT$26.7tNT$5.4tNT$1.2t29.3x22.8x5x
Thu, 18 Jan 2024NT$23.6tNT$5.4tNT$1.2t25.8x19.1x4.4x
Sat, 16 Dec 2023NT$24.1tNT$5.4tNT$1.2t26.4x19.4x4.5x
Mon, 13 Nov 2023NT$22.4tNT$5.4tNT$1.3t22.1x17.9x4.2x
Wed, 11 Oct 2023NT$21.4tNT$5.6tNT$1.4t22.9x15.5x3.8x
Fri, 08 Sep 2023NT$21.5tNT$5.6tNT$1.4t23.1x15.6x3.9x
Sun, 06 Aug 2023NT$21.6tNT$5.7tNT$1.4t20.5x15.3x3.8x
Tue, 04 Jul 2023NT$22.5tNT$5.9tNT$1.5t19.4x14.8x3.8x
Thu, 01 Jun 2023NT$22.0tNT$5.9tNT$1.5t19x14.4x3.7x
Sat, 29 Apr 2023NT$20.0tNT$6.1tNT$1.6t16x12.5x3.3x
Mon, 27 Mar 2023NT$21.5tNT$6.1tNT$1.6t15.3x13.3x3.6x
Price to Earnings Ratio

13.3x


Total Market Cap: NT$21.5tTotal Earnings: NT$1.6tTotal Revenue: NT$6.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Semiconductors Industry Price to Earnings3Y Average 23.5x202420252026
Current Industry PE
  • Investors are optimistic on the Taiwanese Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.8x which is higher than its 3-year average PE of 23.5x.
  • The 3-year average PS ratio of 5.5x is lower than the industry's current PS ratio of 8.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 9.3% per year over the last three years.
  • Revenues for these companies have grown 7.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Taiwanese Tech industry?

TW Market1.07%
Tech1.15%
Semiconductors0.0077%
Semiconductor Equipment7.59%
Semiconductors-0.35%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 38.3%, which is higher than its past year's earnings growth of 12.9% per year.
  • Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 20% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2337 Macronix InternationalNT$157.0058.6%
+NT$107.6b		612.0%PS10.1x
3653 Jentech Precision IndustrialNT$3.90k13.4%
+NT$73.3b		237.7%PE107.1x
2408 Nanya TechnologyNT$260.008.6%
+NT$63.5b		464.6%PE121.8x
5274 ASPEED TechnologyNT$12.05k14.8%
+NT$58.8b		253.4%PE116x
2344 Winbond ElectronicsNT$122.0011.9%
+NT$58.5b		478.2%PE138.6x

Latest News

5274
NT$12,050.00
ASPEED Technology
7D
14.8%
1Y
253.4%
3653
NT$3,900.00
Jentech Precision Industrial
7D
13.4%
1Y
237.7%
2330
NT$1,850.00
Taiwan Semiconductor Manufacturing
7D
-1.9%
1Y
87.8%

2330: Surging AI Demand Will Test Capacity Expansion And Execution Resilience

Analysts have nudged the fair value estimate for Taiwan Semiconductor Manufacturing higher from NT$1,771 to NT$1,825, reflecting updated assumptions around revenue growth, profitability and a slightly richer future P/E multiple. Analyst Commentary Recent Street research around Taiwan Semiconductor Manufacturing has leaned constructive, with several firms adjusting price targets upward and highlighting the company as a key beneficiary of long term chip demand.
3034
NT$373.50
Novatek Microelectronics
7D
-4.1%
1Y
-32.2%

3034: 2026 Revenue And Margin Outlook Will Support Long-Term Upside Potential

Analysts have trimmed their fair value estimate for Novatek Microelectronics from NT$517.65 to NT$494.73, reflecting slightly higher discount rate assumptions and modestly softer expectations for revenue growth, profit margins, and future P/E multiples. What's in the News Board meeting scheduled for March 10, 2026, with an agenda to consider the 2025 parent company only and consolidated financial statements (Key Developments).
2408
NT$260.00
Nanya Technology
7D
8.6%
1Y
464.6%

2408: Future Revenue Assumptions Will Likely Prove Unrealistically Optimistic

Analysts have raised their price target on Nanya Technology from NT$44.45 to NT$150.00, citing revised expectations for revenue growth, profit margins and future P/E assumptions. Valuation Changes Fair Value: revised from NT$44.45 to NT$150.00, taking the reference estimate to a little over 3x the earlier figure.
6526
NT$502.00
Airoha Technology
7D
-8.6%
1Y
-19.8%
4749
NT$914.00
Advanced Echem Materials
7D
-7.0%
1Y
62.3%
7769
NT$4,160.00
Hon. Precision
7D
-3.8%
1Y
345.4%
3260
NT$525.00
ADATA Technology
7D
50.6%
1Y
450.9%
3661
NT$3,220.00
Alchip Technologies
7D
-2.9%
1Y
13.8%
2454
NT$1,680.00
MediaTek
7D
-5.9%
1Y
13.1%

2454: Edge AI And Automotive Chips Will Support Future Upside Potential

Analysts have kept their fair value estimate for MediaTek steady at around NT$2,076, while slightly adjusting inputs such as the discount rate and assumed future P/E to reflect updated views on risk and long term earnings potential. What's in the News MediaTek, MiTwell and RGo Robotics introduced a visual real time localization solution for warehouses, logistics and industrial sites, using the Genio 720 edge AI platform to turn forklifts, robots, drones and other machines into perception enabled agents that share data across facilities (Key Developments).
2344
NT$122.00
Winbond Electronics
7D
11.9%
1Y
478.2%
3711
NT$347.00
ASE Technology Holding
7D
3.6%
1Y
113.5%

3711: Future Returns Will Rely On Stable Margins Supporting Elevated P/E

Analysts have modestly adjusted their view on ASE Technology Holding, with the average price target moving from about NT$342 to about NT$344. This reflects updated assumptions around discount rate, fair value and expected future P/E levels.
2303
NT$58.70
United Microelectronics
7D
-3.1%
1Y
30.0%

2303: Auto Partnerships And New Leadership Will Support Steady Long Term Returns

Analysts have raised their price target for United Microelectronics to NT$61.32 from NT$60.50, reflecting updated assumptions around revenue growth, profit margins, discount rates and future P/E. What's in the News The Board of Directors approved the appointment of Co President Jason Wang as the new Chief Executive Officer, signaling a leadership change at the top level of the company (Key Developments).
2337
NT$157.00
Macronix International
7D
58.6%
1Y
612.0%
6770
NT$75.00
Powerchip Semiconductor Manufacturing
7D
18.9%
1Y
313.2%