台积电2025营收将首破千亿美元！GB300与苹果新机双引擎驱动

Core Viewpoint - TSMC is expected to achieve record high revenue in USD this quarter, driven by the launch of NVIDIA's GB300 AI chip and the new iPhone 17 series, with projections indicating revenue will remain above $30 billion, growing by 3% to 7% quarter-over-quarter [1] Group 1: Financial Performance - TSMC will hold an earnings call on Thursday (17th) to announce last quarter and half-year financial results, as well as outlook for the current quarter [1] - Analysts predict that the appreciation of the New Taiwan Dollar may reduce the surprise factor in TSMC's profit figures for the last quarter, with gross margin and operating margin expected to approach lower limits [1] Group 2: Market Dynamics - The GB300 chip is set to enter mass production, becoming a key driver for TSMC's high-performance computing (HPC) business, with NVIDIA's next-generation AI chip platform, Rubin, expected to launch in 2026, further tightening capacity utilization for TSMC's 3nm family [1] - The GB300 chip enhances AI inference capabilities, supporting applications in generative AI, agent AI, and physical AI [1] Group 3: Supply Chain Insights - The GB300 chip's performance improvements are anticipated to be a major highlight in the AI industry for the second half of the year, with TSMC being the primary manufacturer [2] - Foxconn is expected to secure the largest share of orders for AI server assembly, with other companies like Quanta, Wistron, and Inventec also ramping up shipments [1][2] Group 4: Product Launches - The upcoming launch of Apple's iPhone 17 series is expected to boost TSMC's advanced process orders, with supply chain estimates indicating a single-digit percentage increase in the flagship model's inventory compared to last year [2] - The new iPhone's AI features are projected to increase silicon content, making it a significant outlet for TSMC's 3nm family, with Apple also set to be the first customer for TSMC's upcoming 2nm capacity [2]