---
title: "《大行》里昂予台積電「高度確信跑贏大市」評級  目標價 2,000 新台幣"
description: "里昂發佈研究報告，給予台積電「高度確信跑贏大市」評級，目標價為 2,000 新台幣。報告指出，台積電 2026 年資本支出指引為 520 億至 560 億美元，反映出在 AI 需求激增的背景下，擴充產能面臨複雜性。公司對 2026 年首季營收及毛利率的指引均高於預期，全年營收增長預期也超出預測，顯示出其致力解決產能問題。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/272803842.md"
published_at: "2026-01-16T07:07:41.000Z"
---

# 《大行》里昂予台積電「高度確信跑贏大市」評級  目標價 2,000 新台幣

> 里昂發佈研究報告，給予台積電「高度確信跑贏大市」評級，目標價為 2,000 新台幣。報告指出，台積電 2026 年資本支出指引為 520 億至 560 億美元，反映出在 AI 需求激增的背景下，擴充產能面臨複雜性。公司對 2026 年首季營收及毛利率的指引均高於預期，全年營收增長預期也超出預測，顯示出其致力解決產能問題。

里昂發表研究報告指，台積電 (TSM.US) 2026 年資本支出指引為介乎 520 億至 560 億美元，較預期提前一年，反映了在 AI 需求激增的時期擴充產能或面臨難以估計的複雜性。

里昂又指，公司對 2026 年首季營收及毛利率指引均高於該行預期，全年營收增長的預期亦高於該行預測，認為大幅提高的資本支出，反映公司正致力解決產能問題，當中包括要應對土地獲取、設施、無塵室及設備供應時程等。里昂對台積電 (2330.TW) 給予「高度確信跑贏大市」評級，目標價 2,000 元新台幣，2027 年每股盈利預測為 100 元新台幣。

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