TSMC(US:TSM) Jin Rong Jie·2025-10-10 02:30Core Insights - TSMC reported a September sales figure of NT$330.98 billion, representing a year-on-year increase of 31.4% but a month-on-month decline of 1.4% [1] - For Q3, TSMC's revenue grew by 30% year-on-year, reaching NT$989.9 billion, surpassing analysts' average expectation of NT$962.8 billion [1] - Cumulatively, TSMC's sales for the year reached NT$2.76 trillion, marking a year-on-year growth of 36.4% [1] Company Performance - TSMC is the preferred chip manufacturer for major AI accelerator designers such as NVIDIA, AMD, and Broadcom, benefiting from significant investments in AI by global tech giants [1] - TSMC executives believe that substantial spending by U.S. tech companies on cloud computing infrastructure will serve as a crucial long-term growth engine for the company [1] - The demand for advanced process chips is expected to continue due to this trend [1] Industry Outlook - Research institutions predict that the semiconductor industry may experience a comprehensive recovery by 2025, driven by AI demand [1] - The competitive landscape of the industry is expected to accelerate clearing and recovery, with the profitability cycle and company profits likely to continue improving [1]