Core Viewpoint - The spokesperson for the Taiwan Affairs Office criticized the Taiwanese authorities for their increasing concessions to the United States, particularly regarding investments in the semiconductor industry, including TSMC and its entire supply chain [1] Group 1: Investment and Collaboration - Taiwan's Vice President Hsiao Bi-khim has committed to investing in the U.S., which includes not only TSMC but also the entire ecosystem of suppliers, designers, and other chip manufacturers [1] - The collaboration will involve partnerships with American companies such as Intel to enhance productivity [1] Group 2: Political Commentary - The spokesperson, Zhu Fenglian, accused the Democratic Progressive Party (DPP) of being excessively accommodating to the U.S., describing it as "cutting flesh to feed the tiger" and suggesting that the DPP's actions are increasingly clear to the Taiwanese public and industry [1]

据央视新闻，今日，国务院台办举行例行新闻发布会。有记者提问：台湾地区副领导人萧美琴近日称， 已承诺在美国进行投资， 不仅是台 积电，还包括整个生态及其他部分，从供应商到设计商乃至其他芯片制造公司，都将与英特尔等美国公司合作，提升其生产力。对此发言人 有何评论？ 对此，发言人朱凤莲表示， 民进党当局无底线媚美跪美，对美国的巧取豪夺一再妥协退让，先是台积电，然后是整个产业链，终将是割肉 饲虎、欲壑难填。 广大台湾民众和产业界对此看得越来越清楚，越来越痛彻心骨。 ...

Core Insights - Taiwan Semiconductor (TSM) has reported its Q3 earnings, which are significant for investors holding a long position in the company [1]. Company Overview - TSM is considered one of the largest holdings in the portfolio of long-term investors, particularly those with a 5-10 year investment horizon [1]. - The investment strategy typically includes a mix of growth, value, and dividend-paying stocks, with a focus on value [1]. Investment Strategy - The company emphasizes a simple investment approach, which may involve selling options occasionally [1].

Group 1 - The report highlights that Guoshield Quantum has achieved significant revenue growth, with a 90.27% year-on-year increase in revenue for the first three quarters of 2025, leading to a substantial reduction in losses [3][4] - The company’s revenue for Q3 2025 reached 68.36 million yuan, marking a 126.52% increase year-on-year, while the net profit attributable to shareholders narrowed to a loss of 2.68 million yuan [3][4] - The quantum computing sector is entering a phase of rapid expansion, with major players like Google and IBM launching quantum computing cloud services, and the global quantum computing market projected to grow from 5.037 billion USD in 2024 to 21.998 billion USD by 2030 [5][6] Group 2 - Lianlong's revenue for the first three quarters of 2025 was 4.509 billion yuan, reflecting a year-on-year increase of 5.72%, while net profit attributable to shareholders rose by 24.92% to 392 million yuan [12][13] - The company’s Q3 2025 performance showed a strong year-on-year growth in net profit of 60.83%, driven by stable demand for anti-aging agents and lubricating oil additives [14][15] - The report indicates that the AI industry is expected to drive demand for anti-aging agents and lubricating oil additives, particularly in data centers and robotics [16] Group 3 - The coal industry saw a 1.8% year-on-year decline in raw coal production in September 2025, although the decline was less severe than in August, indicating a gradual recovery [18][20] - Electricity production in September 2025 showed a stable growth of 1.5% year-on-year, with significant increases in hydropower generation [19][20] - The report notes that the coal price has slightly increased in September, with the average price for Qinhuangdao 5500 kcal coal remaining stable compared to August [26][27] Group 4 - The cloud computing industry is transitioning towards intelligence, with the IaaS market expected to reach nearly 800 billion yuan by 2029, driven by AI applications [28][30] - Major cloud providers are increasing capital expenditures significantly to enhance AI infrastructure, with Microsoft’s AI services contributing 16 percentage points to Azure's growth in Q2 2025 [31][32] - The report emphasizes that AI is becoming the core driver of growth in the cloud computing sector, with a shift in focus from infrastructure to application layers [34]

Group 1 - The Aerospace Forum aims to identify investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [2] - The forum is led by an analyst with a background in aerospace engineering, providing insights into industry developments and their potential impact on investment strategies [2] - The service offers access to an in-house developed data analytics platform, evoX Data Analytics, enhancing the research capabilities for investors [1] Group 2 - The analyst emphasizes the importance of data-driven analysis in formulating investment ideas within the complex aerospace industry, which has significant growth prospects [2] - The forum provides direct access to data analytics monitors, allowing members to stay updated on market trends and investment opportunities [2]

Investment Rating - The report maintains a "Buy" rating for TSMC (Taiwan Semiconductor Manufacturing Company) [1][7] Core Insights - TSMC's Q3 2025 performance exceeded expectations, with revenue reaching NT$989.92 billion (US$33.10 billion), a QoQ increase of 6.0% and YoY growth of 30.3% [3] - The company also reported a net profit of NT$452.30 billion, reflecting a QoQ increase of 13.6% and YoY growth of 39.1% [3] - TSMC's Q4 2025 guidance is optimistic, with expected revenue between US$32.2 billion and US$33.4 billion, surpassing Bloomberg's consensus estimate of US$31.23 billion [4] Summary by Sections Financial Performance - In Q3 2025, TSMC's revenue was NT$989.92 billion (US$33.10 billion), exceeding the guidance range of US$31.8 billion to US$33 billion and Bloomberg's consensus of NT$967.70 billion [3][4] - Gross margin for Q3 was 59.5%, higher than the guidance of 55.5%-57.5% and Bloomberg's estimate of approximately 57.1% [4] - The diluted EPS for Q3 was NT$17.44, exceeding Bloomberg's consensus of NT$15.80 [4] Future Guidance - TSMC has raised its full-year revenue growth forecast for 2025 from approximately 30% to nearly mid-30% [4] - The capital expenditure guidance for 2025 has been narrowed to US$40 billion to US$42 billion [4] - For Q4 2025, TSMC expects revenue of US$32.2 billion to US$33.4 billion, with a gross margin of 59%-61% [4] Earnings Forecast - Projected revenues for TSMC from 2025 to 2027 are NT$37,976 billion, NT$45,885 billion, and NT$54,205 billion respectively [5] - Expected net profits for the same period are NT$16,939 billion, NT$19,678 billion, and NT$23,005 billion respectively [5] - The diluted EPS for 2025, 2026, and 2027 are forecasted to be NT$65.33, NT$75.89, and NT$88.72 respectively [5]

Core Insights - The article discusses investment opportunities in artificial intelligence (AI) stocks, specifically highlighting Broadcom and Taiwan Semiconductor Manufacturing Company (TSMC) as strong candidates for investment in the upcoming year. Group 1: Broadcom - Broadcom has established itself as a significant player in the AI sector, particularly in data center networking components [2] - The company's primary growth opportunity lies in ASICs (application-specific integrated circuits), which are custom chips designed for specific tasks, as companies seek to optimize AI infrastructure spending [3] - Broadcom's partnerships with major companies like Alphabet, Meta Platforms, and ByteDance could lead to a projected revenue opportunity of $60 billion to $90 billion by fiscal 2027 [4] - A recent partnership with OpenAI aims to develop 10 gigawatts of custom AI chips and networking components by 2029, potentially translating into a $100 billion annual market opportunity [5] - Broadcom has also secured a $10 billion AI chip order from an unnamed fourth customer, possibly indicating advanced custom AI chip designs in collaboration with Apple [6] - With multiple customers leveraging Broadcom for custom AI chip development, the company is poised for strong growth in the coming years [7] Group 2: Taiwan Semiconductor Manufacturing Company (TSMC) - TSMC is a critical player in the AI industry, providing manufacturing services for advanced chips designed by companies like Broadcom and Nvidia [8] - The company excels in producing chips at the smallest node sizes with high yields, which is essential for meeting the demands of AI infrastructure [8] - Both Broadcom and TSMC are positioned to benefit from the increasing spending on AI infrastructure, with Broadcom focusing on custom AI chips and TSMC serving as the primary manufacturing partner for advanced chip designs [9]

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

 Vancouver, British Columbia, October 21, 2025 – TheNewswire - Emergent Metals Corp. (TSXV: EMR, OTC: EGMCF, FRA: EML, BSE: EML, MUN: ELM) (“Emergent” or the “Company”) announces that it has appointed two new independent directors to the Board of Directors (the “Board”), Joseph Mullin and Michael Leahy.  Both are experienced business professionals in the mining industry and will serve to strengthen the Board. Joseph Mullin is President and CEO of Rise Gold Corp., owner of the historic Idaho Maryland Mine i ...

Core Viewpoint - CITIC Securities maintains a "buy" rating for TSMC, citing the company's quarterly performance exceeding expectations, driven by strong demand for 3nm and 5nm technologies and high utilization rates of advanced process capacities [1] Group 1: Financial Performance - TSMC's quarterly earnings surpassed expectations, benefiting from robust demand for advanced nodes [1] - The guidance for revenue growth in 2025 has been raised to 35% in USD terms due to increased AI market activity [1] Group 2: Capital Expenditure - Capital expenditures are projected to increase to between $40 billion and $42 billion [1] Group 3: Market Position and Growth Drivers - TSMC's leadership in advanced processes positions the company well to capitalize on the growing AI chip market and the ramp-up of advanced packaging and testing [1] - The ongoing demand for AI-related products is expected to drive sustained high growth in AI revenue [1]