TSMC(US:TSM) Jing Ji Ri Bao·2025-10-05 23:10Core Viewpoint - TSMC is expected to report strong financial results for Q3 and optimistic projections for Q4, driven by high demand for advanced process technologies, particularly in AI applications [1][2] Group 1: Financial Performance - TSMC's Q3 revenue is anticipated to be around $32.4 billion, maintaining above the $30 billion mark, with a sequential increase expected in the second half of the year [1] - For Q4, TSMC's revenue is projected to be approximately $29.1 billion, reflecting a 10.2% decrease quarter-over-quarter but an 8.2% increase year-over-year [2] - The company aims for a 30% year-over-year increase in total revenue for the year, with projections indicating that 2025 revenue could exceed $117.1 billion [1][2] Group 2: Market Drivers - The demand for advanced process technologies is being driven by AI applications, with TSMC's chairman noting that all AI innovators are collaborating with the company [1] - The 3nm and 5nm process families are key contributors to TSMC's revenue growth, with 3nm shipments accounting for 24% and 5nm for 36% of total shipments in Q2 [2] - TSMC's advanced process technologies (including 7nm and below) contributed to 74% of total wafer sales in the last quarter, marking a record high [2] Group 3: Future Outlook - TSMC's revenue growth for 2025 is expected to significantly exceed previous targets, with estimates suggesting nearly a 40% increase [2] - The ramp-up of 2nm production is anticipated to be a major growth driver for 2026, with 7nm and below processes expected to contribute over 80% of overall revenue [2]