TSMC(US:TSM) Xin Lang Cai Jing·2025-10-13 22:43Core Viewpoint - TSMC's stock experienced a remarkable rebound, rising by 7.92%, reflecting its unassailable position in the global semiconductor industry [1] Group 1: Market Position - TSMC holds a dominant 71% market share in the foundry market, which supports its strong stock performance [1] - The company's absolute advantage in advanced process technology attracts major tech giants, including Apple, Qualcomm, and MediaTek, who rely on TSMC's 3nm and more advanced processes [1] - TSMC's leadership is further solidified by the dependency of companies like NVIDIA and AMD on its manufacturing capabilities [1] Group 2: Growth Opportunities - The rapid development of new technologies such as 5G, artificial intelligence, and the Internet of Things is driving a strong demand for high-performance chips, presenting unprecedented opportunities for TSMC [1] - The increase in AI chip demand positions TSMC at the forefront of the global technological revolution [1] Group 3: Challenges - TSMC faces significant challenges with the advancement of next-generation process nodes, particularly the technical difficulties and capital investments required for 2nm and below processes [2] - Global geopolitical uncertainties and rising costs may impact TSMC's profitability in the future, especially due to the costs associated with building factories in multiple locations and potential process iteration risks [2] - Despite the strong performance and optimistic outlook for the semiconductor industry, there is a need for caution regarding the uncertainties in technology and market environments [2]