Woofun AI reports that UBS has increased its target price for TSMC from NT$3,000 to NT$3,400 while maintaining a "Buy" rating. The bank forecasts sustained growth momentum and anticipates product price increases in early 2027 to enhance profitability. UBS projects TSMC will execute multiple capacity expansion rounds between 2026 and 2028, addressing supply constraints through rising demand for CPUs and AI accelerators.