Xin Lang Cai Jing·2025-09-15 00:19Core Viewpoint - TSMC, as the world's largest advanced chip manufacturer and a key partner of Nvidia, is experiencing a surge in sales driven by strong demand for AI chips, indicating robust growth potential in the AI chip market [1] Industry Summary - The integration of AI technology across various sectors is accelerating, leading to a continuous increase in demand for computing power due to large-scale AI models and vast amounts of data [1] - The rapid development of new application scenarios is further driving the explosive demand for computing power, suggesting that the AI chip market is poised for significant growth [1] - The semiconductor industry is a critical battleground in the new technological revolution, with semiconductor equipment being a key support element in the tech competition [1] - The intensifying US-China tech rivalry is likely to catalyze the acceleration of domestic substitution, highlighting significant replacement opportunities in areas with low domestic production rates [1]