---
title: "Taiwan Semiconductor Eyes Cutting-Edge 3nm Production In Japan By 2028"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281341145.md"
description: "Taiwan Semiconductor Manufacturing Co. plans to start 3nm chip production at its second facility in Japan by 2028, with a monthly capacity of 15,000 12-inch wafers. The investment in both Japan fabs is expected to exceed $20 billion. TSM shares have gained 100.40% over the past year, trading at $343.31, with a Buy rating and an average price target of $401.67 from analysts. The next earnings report is estimated for April 16, 2026, with an EPS estimate of $3.27 and revenue of $35.40 billion."
datetime: "2026-04-01T09:23:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281341145.md)
  - [en](https://longbridge.com/en/news/281341145.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281341145.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/281341145.md) | [繁體中文](https://longbridge.com/zh-HK/news/281341145.md)


# Taiwan Semiconductor Eyes Cutting-Edge 3nm Production In Japan By 2028

**Taiwan Semiconductor Manufacturing Co. Ltd.** (NYSE:TSM) plans to begin equipment installation and mass production of advanced 3-nanometer chips at its second Japan facility in 2028, according to a Taiwanese government filing.

CEO **C.C. Wei** said in February the company aims to produce 3nm chips at the plant following a meeting with Japan's Prime Minister **Sanae Takaichi**.

The second fab is expected to have a monthly capacity of 15,000 12-inch wafers using 3nm technology, marking a shift from earlier plans focused on mature nodes, Reuters reported on Wednesday.

In 2024, Taiwan Semiconductor said total investment in its first and second Japan fabs would exceed $20 billion.

A Yomiuri report estimated the second plant could cost about $17 billion, though the company has not confirmed the figure.

The first Japan fab began volume production in late 2024.

## Technical Analysis

TSM is trading 0.3% above its 20-day SMA, but 1.9% below its 50-day SMA, while still sitting 5.5% above its 100-day SMA—suggesting the longer-term uptrend is intact even as the intermediate trend is being tested.

Shares have gained 100.40% over the past 12 months, and the stock is closer to its 52-week highs than its lows, trading in the $134.25 to $390.20 range.

RSI is at 47.74, which sits in neutral territory and suggests consolidation rather than a strong trend day. Meanwhile, MACD is at -5.9455 and remains below its signal line at -4.3635, keeping bearish pressure in place until that spread starts to narrow.

The combination of RSI in the 30–50 range (47.74) and bearish MACD suggests mixed momentum.

-   **Key Resistance**: $380.00
-   **Key Support**: $332.00

## Earnings & Analyst Outlook

Looking further out, the next major catalyst for the stock arrives with the April 16, 2026 (estimated) earnings report.

-   **EPS Estimate**: $3.27 (Up from $2.12 YoY)
-   **Revenue Estimate**: $35.40 Billion (Up from $25.53 Billion YoY)
-   **Valuation**: P/E of 32.7x (Indicates premium valuation relative to peers)

**Analyst Consensus & Recent Actions:** The stock carries a Buy Rating with an average price target of $401.67. Recent analyst moves include:

-   **DA Davidson**: Initiated with Buy (Target $450.00) (February 13)
-   **Barclays**: Overweight (Raises Target to $450.00) (January 16)
-   **TD Cowen**: Hold (Raises Target to $370.00) (January 16)

## Top ETF Exposure

-   **Invesco FTSE RAFI Emerging Markets ETF** (NYSE:PXH): 6.23% Weight
-   **Dan IVES Wedbush AI Revolution ETF** (NYSE:IVES): 5.81% Weight
-   **Harbor International Compounders ETF** (NYSE:OSEA): 6.88% Weight

**Significance:** Because TSM carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

## Price Action

**TSM Price Action:** Taiwan Semiconductor shares were up 1.59% at $343.31 during premarket trading on Wednesday, according to Benzinga Pro data.

_Photo via Shutterstock_

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## Related News & Research

- [PFG Private Wealth Management LLC Takes $643,000 Position in Taiwan Semiconductor Manufacturing Company Ltd. $TSM](https://longbridge.com/en/news/281356678.md)
- [TSMC Gets Nod to Deploy 3nm Process at Japan Fab](https://longbridge.com/en/news/281343240.md)
- [SG Americas Securities LLC Purchases 113,400 Shares of Direxion Daily TSM Bull 2X Shares $TSMX](https://longbridge.com/en/news/281334282.md)
- [Taiwan Semiconductor Manufacturing Company Ltd. $TSM Shares Acquired by Generate Investment Management Ltd](https://longbridge.com/en/news/280870298.md)
- [TSMC Starts 2 Nanometer Era As AI Demand Reframes Valuation](https://longbridge.com/en/news/281197877.md)