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Taiwanese (TAIEX) Semiconductors Industry Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies294
  • 7D1.6%
  • 3M17.3%
  • 1Y34.6%
  • YTD35.0%

In the last week, the Semiconductors industry is up 1.6%, with Taiwan Semiconductor Manufacturing up 1.4%. In the last 12 months, the industry was up 35%. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025NT$50.5tNT$7.3tNT$1.9t29.6x26.3x6.9x
Tue, 11 Nov 2025NT$49.5tNT$7.3tNT$1.9t31.7x25.9x6.7x
Thu, 09 Oct 2025NT$47.4tNT$7.1tNT$1.8t33x26.7x6.7x
Sat, 06 Sep 2025NT$40.8tNT$7.1tNT$1.8t31.7x22.9x5.8x
Mon, 04 Aug 2025NT$39.0tNT$7.1tNT$1.8t24.7x21.4x5.5x
Wed, 02 Jul 2025NT$36.7tNT$6.8tNT$1.7t25.5x21.9x5.4x
Fri, 30 May 2025NT$34.0tNT$6.7tNT$1.7t24.8x20.2x5x
Sun, 27 Apr 2025NT$31.7tNT$6.7tNT$1.7t22.8x18.8x4.7x
Tue, 25 Mar 2025NT$35.0tNT$6.4tNT$1.5t27.1x22.6x5.5x
Thu, 20 Feb 2025NT$38.4tNT$6.4tNT$1.5t30.7x25x6x
Sat, 18 Jan 2025NT$38.7tNT$6.4tNT$1.5t28.4x25.1x6.1x
Mon, 16 Dec 2024NT$37.4tNT$6.1tNT$1.4t30.4x26.6x6.1x
Wed, 13 Nov 2024NT$36.8tNT$6.1tNT$1.4t30.7x26.2x6x
Fri, 11 Oct 2024NT$36.0tNT$5.8tNT$1.3t29.4x28.1x6.2x
Sun, 08 Sep 2024NT$33.0tNT$5.8tNT$1.3t30x25.7x5.7x
Tue, 06 Aug 2024NT$29.5tNT$5.8tNT$1.3t26.5x23.1x5.1x
Thu, 04 Jul 2024NT$35.9tNT$5.5tNT$1.2t31.6x29.8x6.5x
Sat, 01 Jun 2024NT$31.1tNT$5.5tNT$1.2t31.6x25.8x5.6x
Mon, 29 Apr 2024NT$29.4tNT$5.5tNT$1.2t30.7x24.9x5.4x
Wed, 27 Mar 2024NT$29.8tNT$5.4tNT$1.2t29.8x25.5x5.6x
Fri, 23 Feb 2024NT$27.3tNT$5.4tNT$1.2t29.6x23.2x5.1x
Sun, 21 Jan 2024NT$24.9tNT$5.4tNT$1.2t25.8x20.1x4.7x
Tue, 19 Dec 2023NT$24.0tNT$5.4tNT$1.2t26.2x19.4x4.5x
Thu, 16 Nov 2023NT$23.3tNT$5.4tNT$1.2t23.4x18.7x4.3x
Sat, 14 Oct 2023NT$22.2tNT$5.6tNT$1.4t22.8x16.1x4x
Mon, 11 Sep 2023NT$21.4tNT$5.6tNT$1.4t23x15.5x3.9x
Wed, 09 Aug 2023NT$21.5tNT$5.7tNT$1.4t20.2x15.3x3.8x
Fri, 07 Jul 2023NT$22.1tNT$5.9tNT$1.5t19.9x14.6x3.8x
Sun, 04 Jun 2023NT$22.1tNT$5.9tNT$1.5t18.7x14.5x3.8x
Tue, 02 May 2023NT$20.0tNT$6.0tNT$1.6t16x12.7x3.3x
Thu, 30 Mar 2023NT$21.1tNT$6.1tNT$1.6t14.7x13.1x3.5x
Sat, 25 Feb 2023NT$20.3tNT$6.1tNT$1.6t13.3x12.4x3.3x
Mon, 23 Jan 2023NT$19.5tNT$6.2tNT$1.7t11.9x11.6x3.2x
Wed, 21 Dec 2022NT$17.9tNT$6.0tNT$1.6t11.4x11.5x3x
Price to Earnings Ratio

11.5x


Total Market Cap: NT$17.9tTotal Earnings: NT$1.6tTotal Revenue: NT$6.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Semiconductors Industry Price to Earnings3Y Average 22x202320242025
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 26.3x which is higher than its 3-year average PE of 22.0x.
  • The 3-year average PS ratio of 5.1x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have grown 7.3% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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 Market0.86%
Tech1.03%
Semiconductors1.62%
Semiconductor Equipment4.67%
Semiconductors1.50%
Industry PE
  • Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 22.6x.
    • Analysts are expecting annual earnings growth of 35.5%, which is higher than its past year's earnings growth of 8.1% 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 22.4x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 8.1% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 19% 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
2330 Taiwan Semiconductor ManufacturingNT$1.48k1.4%
+NT$518.7b		39.0%PE24.4x
2344 Winbond ElectronicsNT$74.6020.7%
+NT$57.6b		397.3%PS4.1x
3711 ASE Technology HoldingNT$243.505.4%
+NT$54.5b		53.6%PE30.1x
7769 Hon. PrecisionNT$3.20k7.9%
+NT$42.3b		167.4%PE54.2x
2408 Nanya TechnologyNT$162.005.9%
+NT$27.9b		451.0%PS11.7x

Latest News

2344
NT$74.60
Winbond Electronics
7D
20.7%
1Y
397.3%
2454
NT$1,405.00
MediaTek
7D
-1.4%
1Y
-0.4%

2454: AI Platform Partnerships Will Drive Long-Term Upside Potential

Analysts have nudged their price target for MediaTek higher, lifting fair value by roughly 1 percent to about $1,576, citing slightly stronger long term revenue growth expectations and modestly lower discount rates that together outweigh a small downward tweak to projected profit margins. What's in the News Kynetics formed a strategic partnership with MediaTek to deliver custom Android deployments for Genio platforms, promising faster development cycles, long term support, and enhanced security for industrial and consumer devices (client announcement).
2408
NT$162.00
Nanya Technology
7D
5.9%
1Y
451.0%
2379
NT$528.00
Realtek Semiconductor
7D
-0.9%
1Y
-1.1%

2379: Lower Discount Rate Will Support Upside Potential Ahead

Analysts have nudged their price target for Realtek Semiconductor slightly higher to reflect modest improvements in discount rate assumptions and a marginally more favorable view on future earnings multiples, while keeping fair value estimates broadly unchanged. Valuation Changes Fair Value: Unchanged at an estimated intrinsic value of NT$599.35 per share, indicating no material revision to the core valuation.
5347
NT$90.80
Vanguard International Semiconductor
7D
-1.6%
1Y
-1.6%
3189
NT$151.50
Kinsus Interconnect Technology
7D
-3.5%
1Y
54.1%
3529
NT$1,890.00
eMemory Technology
7D
-5.3%
1Y
-42.3%

3529: Strong Margins And Earnings Multiple Will Support Future Upside Potential

Analysts have modestly maintained their fair value estimate for eMemory Technology at approximately TWD 2,963.33 per share, citing a slightly lower discount rate and largely unchanged expectations for robust revenue growth, strong profit margins, and elevated future price earnings multiples as support for the sustained target level. Valuation Changes The fair value estimate remained unchanged at approximately NT$2,963.33 per share, indicating no revision to the underlying intrinsic value assessment.
3711
NT$243.50
ASE Technology Holding
7D
5.4%
1Y
53.6%

3711: Penang Facility Acquisition Will Support Steady Operations With Balanced Outlook

Analysts have modestly raised their price target on ASE Technology Holding to about $249.69, up roughly $3.53. This change reflects slightly lower perceived risk, steady growth expectations, and a marginally higher assumed future earnings multiple.
3034
NT$373.00
Novatek Microelectronics
7D
-3.6%
1Y
-23.5%

3034: Revenue Will Ease While Margins And Outlook Will Remain Stable

Analysts have slightly raised their price target for Novatek Microelectronics by NT$0.00, reflecting marginally lower discount rate assumptions and a modest uptick in long term revenue growth expectations. What's in the News Issued fourth-quarter 2025 earnings guidance, forecasting revenue to decline to between TWD 22 billion and TWD 23 billion, based on an exchange rate of USD 1 to TWD 30.5 (company guidance) Valuation Changes Fair Value: Unchanged at NT$422.38 per share, indicating no revision to the intrinsic value estimate.
3653
NT$2,995.00
Jentech Precision Industrial
7D
-2.1%
1Y
103.7%
6415
NT$195.00
Silergy
7D
-4.9%
1Y
-51.4%
3105
NT$182.00
WIN Semiconductors
7D
23.4%
1Y
65.5%

3105: Lower Discount Rate Will Likely Keep Overvaluation Risks Intact

Analysts have modestly revised their price target on WIN Semiconductors to TWD 96.07, reflecting slightly lower discount rate assumptions and marginally adjusted long term profitability and valuation multiples, while keeping the overall fair value essentially unchanged. Valuation Changes Fair Value: Remains effectively unchanged at approximately NT$96.07, indicating no material adjustment to the intrinsic valuation.
2330
NT$1,480.00
Taiwan Semiconductor Manufacturing
7D
1.4%
1Y
39.0%

2330: Expanding Advanced Packaging Capacity Will Drive Strong Multi-Year AI Demand

Analysts have raised their price target for Taiwan Semiconductor Manufacturing by $10, citing stronger than expected artificial intelligence demand and positive forward-looking signals in recent results. Analyst Commentary Bullish Takeaways Bullish analysts have consistently raised their price targets on Taiwan Semiconductor Manufacturing, reflecting growing confidence in the company’s ability to capitalize on robust artificial intelligence demand and positive forward guidance.
7769
NT$3,195.00
Hon. Precision
7D
7.9%
1Y
167.4%
6223
NT$2,375.00
MPI
7D
6.5%
1Y
175.8%
2449
NT$230.00
King Yuan Electronics
7D
3.8%
1Y
93.3%