在内存供应危机对消费端影响上，台积电目前并未感觉其 PC / 手机客户行为出现了变化，这与台积电主要负责高价值的手机芯片供应有关，定价较高的终 端产品对内存价格变化相对更不敏感。 IT之家 1 月 16 日消息，台积电高管在昨日法人说明会上表示，该企业预计按美元计算的 2026 年公司整体营收增幅将接近 30%。 全球"晶圆代工 2.0"行业的整体营收在 2025 年增长了 16%，台积电同期按美元计营收则达到 35.9%；对于 2026 年，台积电认为"晶圆代工 2.0"行业营收将同 比增长 14%。 在 2025 年，AI 加速器贡献了台积电 10% 以上的营收。台积电预计 2024~2029 年 AI 加速器相关收入的 CAGR（IT之家注：复合年增长率）将接近 60%， 而 2024~2029 年的公司整体营收按美元计 CAGR 也将接近 25%。 在细分领域上，先进封装业务对台积电总收入的贡献在 2024 年约为 8%，到 2025 年升至 10% 出头，台积电预计这部分业务的增速将超过公司平均水平， 2026 年的贡献占比将来到十余个百分点。至于支出端，先进封装与掩膜制造和其它将占到 2026 年 ...

This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. Dive Brief: Taiwan Semiconductor Manufacturing Co. ended 2025 with a net revenue of $122.4 billion, a 35.9% increase compared to last year, due to continued demand for artificial intelligence. Net revenue for TSMC’s fourth quarter increased 25.5% year over year to $33.7 billion, slightly higher than its guidance of $33.4 billion, CFO Jen-Chau Huang sai ...

U.S. Stock Market Factors to Watch Out on FridayThe frenzy around AI has sent Nvidia and other superstar stocks to dizzying heights, stirring criticism that their prices had shot too high. Nvidia rose 2.1 per cent on Thursday after TSMC’s Chief Financial Officer Wendell Huang said it’s seeing “continued strong demand” in an encouraging signal for the entire AI industry.TSMC’s stock that trades in the United States rose 4.4 per cent on Thursday. Wall Street steadied on Thursday as stocks related to artificia ...

以下文章来源于格隆汇交易学苑 ，作者格隆汇小编 2026 年的钟声刚刚敲响，全球科技和金融市场的目光便被一道来自东方的强光所穿透。 格隆汇交易学苑 . 这道光，源自台积电（ TSMC ）——1月15日，台积电发布 25Q4 财报与 26Q1 业绩指引，营收、利润、毛利率、资本开支 ……每一个关 键指标都以碾压之势超越了华尔街最乐观的分析师预测。 以基本面为基础，专注于趋势交易 这已不再是简单的"增长"，而是一种"爆炸"。这不是一家公司的财报，而是一个时代的宣言：由人工智能（ AI ）驱动的第四次工业革命，其 唯一且不可动摇的引擎核心，正以前所未有的功率全速运转。 当摩根大通紧急上调其 AI 业务增速至惊人的 59% ，当其未来三年的资本支出预示着一个千亿美金级别的投资海啸，我们必须重新审视这家 公司。 本文将深入解构台积电这份 "封神"的业绩报告背后，所揭示的五大支柱，看它如何以前沿技术、先进封装、全球布局和未来视野，铸就其坚不 可摧的帝国。 01 数字的咆哮——当"印钞机"开启涡轮增压模式 简单回顾一下台积电 25Q4 的关键业绩数据： 营收： 1.046 万亿新台币，同比增长 20.5% 。 净利润： 5 ...

每经AI快讯，1月16日，美股盘前科技股走强，美光科技涨超3%，AMD涨超2%，台积电涨超1%。 （文章来源：每日经济新闻） ...

Report Industry Investment Rating - Not provided in the given content Core Viewpoints of the Report - The upward trend of the stock index remains unchanged, and the adjustment is expected to end in the first half of next week, followed by a resumption of the upward trend. Global funds are re - investing in the Chinese stock market, and the inflow of off - site funds continues, maintaining a capital - driven upward trend. The semiconductor sector is expected to take over from the commercial aerospace sector, with the high - prosperity of the semiconductor equipment sector indicated by TSMC's performance and capital expenditure plans [2][16]. Summary by Relevant Catalogs Stock Market and Index Trends - Policy aims for a slow - bull market, as shown by recent policy regulations. The satellite ETF declined significantly after commercial aerospace - related listed companies announced risks on Monday. The adjustment of the margin trading guarantee ratio led to a sharp decline in the CSI 500 index on Wednesday afternoon [4][7][10]. - TSMC's Q4 performance was strong, with revenue of about $337.3 billion, a 20.5% year - on - year increase, and a net profit up 35% year - on - year and 11.82% quarter - on - quarter. It expects Q1 revenue to increase by 40% year - on - year to $358 billion in 2026, and its dollar revenue to grow by nearly 30%. Capital expenditure is estimated to be $520 - 560 billion, a 27% - 37% increase from 2025, indicating a high - growth trend in the semiconductor sector [13]. - Global funds are re - increasing their investment in the Chinese stock market. Foreign capital is shifting from passive inflows to an expected return of active funds. The RMB is appreciating, accelerating the return of overseas - hoarded dollars of foreign trade enterprises. The inflow of off - site funds continues, and the upward trend driven by market funds remains unchanged. The adjustment is expected to end in the first half of next week, and the stock index will resume its upward trend. Long - term multi - orders for stock index futures should be held, and the CSI 500 and CSI 1000 indices have stronger offensive capabilities. For stock index options, consider buying deep - out - of - the - money call options on the CSI 1000 index with a long - term maturity [16][17]. Macroeconomic Indicators in China - In December, the year - on - year growth rate of the core CPI was 1.2%, and the real interest rate has been negative for consecutive periods, with a 0.2% month - on - month increase. In December, the month - on - month increase of the industrial producer purchase price index was 0.4%, indicating that the Chinese economy is moving towards re - inflation [18][21]. - The balance of margin trading is approaching 2.7 trillion yuan, reaching a new high. In December, there were 2.59 million new A - share accounts opened [23]. - In December, China's export value reached $357.7 billion, a new record, with a year - on - year growth rate of 6.6%, showing export resilience [26]. - In November, the monthly value of manufacturing fixed - asset investment was 2.94 trillion yuan, with a year - on - year growth rate of - 4.4%, indicating a slowdown in manufacturing investment [29]. - In November, the monthly value of infrastructure investment was 2.08 trillion yuan, with a year - on - year growth rate of - 11.9%, indicating a slowdown in infrastructure investment and reflecting local fiscal difficulties [32]. - In November, the year - on - year growth rate of real estate development investment was - 31.3%, reaching a new low [35]. - In November, the monthly value of total social consumer goods retail sales was 4.38 trillion yuan, with a year - on - year growth rate of 1.3%. In the context of expected decline in exports and slowdown in investment, consumption has become the main driving force for economic growth [38]. US Macroeconomic Indicators - The US unemployment rate has risen to 4.6%, and the employment boom has declined, with a rapid increase in the number of voluntary lay - offs by US enterprises [41][44]. - In November, the total retail and food sales in the US increased by 0.6% month - on - month, which may be related to seasonal factors, but overall US consumption has weakened [47]. - In December, the price index of the US manufacturing PMI and the service - sector PMI continued to expand, indicating that the US is moving towards stagflation [50]. International Market Impact - The Bank of Japan raised interest rates by 25 basis points to 0.75%, and the yield of the 10 - year Japanese government bond soared to 2.18%. The large - scale return of yen carry - trade will have a negative impact on US bonds, US stocks, and Chinese bonds [53]. - The accelerating appreciation of the RMB is conducive to the accelerated inflow of international capital into China [56].

核心事件：近日，台积电发布了一份全面超出市场预期的财报及乐观业绩指引，在全球资本市场引爆了 新一轮AI主题行情。财报显示其盈利能力强劲，并计划在2026年进行高达560亿美元的创纪录资本开 支。这一"定海神针"般的前景展望，不仅直接带动了公司自身股价，更向整个半导体产业链传递了强劲 信心。其核心设备供应商、荷兰光刻机巨头阿斯麦的市值应声飙升至历史高位，一举突破5000亿美元大 关，美股芯片板块也随之普遍上扬。此举驱散了市场此前对"AI交易"可能过热的疑虑，为2026年全球AI 支出的持续增长注入了新的乐观情绪。 一、 亮眼财报：盈利能力与结构增长双重驱动 台积电的最新业绩，为市场的狂热提供了坚实的基本面支撑。在2025年第四季度，公司营收达到约337 亿美元，净利润高达160亿美元，同比增幅显著。更为关键的是，其盈利能力指标——毛利率攀升至 62.3%，显示其在先进制程领域拥有强大的技术溢价和定价权。 深入分析收入结构，增长引擎清晰可见。高性能计算业务（主要包括CPU、GPU、AI加速芯片等）收入 环比增长，占公司总营收的比重已达到惊人的55%，首次超越智能手机业务，成为公司第一大收入支 柱。这明确揭示了全球 ...

一、行情回顾 市场全天高开低走，三大指数小幅下跌。半导体产业链逆势爆发，天岳先进、通富微电等多股涨停。机器人概念股走强，五洲新春、方正电机等涨停。电网 设备板块拉升，思源电气、积成电子等涨停。下跌方面，AI应用方向集体调整，引力传媒、视觉中国等多股跌停。个股跌多涨少，沪深京三市约3000股飘 绿，今日成交3.06万亿。 | 风口板块 更多 | | | | | 涨跌幅榜 | 更多 | | --- | --- | --- | --- | --- | --- | --- | | 国产芯片 | +2.81% | 智能电网 | +1.11% | 机器人 +1.46% | DRAM (内存) +6.89% | | | 台积电业绩超预期；海外存储龙 | | "十五五"国网固定资产投资预计4 | | OpenAl为机器人和AI设备计划寻 | | | | 头连创新高 | | 万亿元 | | 找供应商 | 闪存 | | | | | | | | +4.46% | | | 新华百货 +9.99% | | 森源电气 +10.07% | | 新泉股份 +10.00% | | | | | | | | | 半島体 | | | | | | | ...

（文章来源：21世纪经济报道） 中信证券表示，台积电2025年业绩创纪录，2026年资本支出大幅上调，表明了AI算力与先进制程带来 的持续红利。面对国内百万片级的先进产能缺口，国内晶圆厂正迎来扩产热潮，为设备市场释放出千亿 美元的空间，且国产化率有望实现翻倍增长。中信证券看好半导体设备的投资机遇，持续推荐具备平台 化能力的领军企业及高弹性细分龙头。 1月16日，三大指数早盘冲高后震荡回落，沪指跌0.26%报4101.91点。板块上，半导体概念股狂飙，凯 德石英涨超20%领涨，天岳先进、甬矽电子20cm涨停，蓝箭电子、江波龙等多只概念股涨超10%跟涨。 消息面上，台积电昨日披露2026年资本支出，预计达520亿美元～560亿美元，大幅超出市场预期，其中 设备投入资金超预期增加，未来两年全球扩产空间进一步提升。 ...

昨天跟大家分析了，中证500、沪深300、A500等ETF显著放量，并且这些ETF很多都是折价的，说明是有大资金在抛售，谁有那么大能量呢？ 今天早上我打开wind一看，昨天股票型ETF流出超过700亿。这还没完，今天沪深300、中证500、A500等ETF继续爆量，丝毫不逊色于昨天，然后大家可以 看到依然是折价居多，说明大资金在继续卖出ETF。如果说提高融资保证金比例只是点刹，那这卖出ETF压盘力度可就加大了。 | 序号 代码 | | 美国 名称 | 现价 | 涨跌 | 涨跌幅 | 流行率 成交额 ▼ | | --- | --- | --- | --- | --- | --- | --- | | 1 | 510300 | 宽 沪深300ETF华泰柏瑞 | 4.859 c | -0.016 | -0.33% | -0.04% 259.23亿 | | 2 | 510330 | 宽 沪深300ETF华夏 | 4.937 c | -0.005 | -0.10% | 0.08% 227.05亿 | | 3 | 510500 | 宽 XD中证500ETF | 8.295 c | 0.018 | 0.22% | -0.22 ...