Stock Market News·2025-10-16 07:08TSMC's AI-Driven Surge and Capacity Challenges - TSMC anticipates a mid-40% compound annual growth rate (CAGR) for its AI-related business over the next five years, with AI and high-performance computing (HPC) expected to contribute 60% of its revenue by Q2 2025 [2][3] - The company plans to double its CoWoS capacity in both 2024 and 2025, aiming for 130,000 to 150,000 wafers per month by 2026, despite demand outpacing supply [3] - TSMC remains confident in AI growth prospects, regardless of China market access, but warns of forex changes impacting margins, with headwinds of 180-220 basis points in Q2 and a projected 260 basis point headwind for Q3 [4] Toyota's Stable Financial Outlook - Toyota has received reaffirmations of its strong credit ratings, with S&P Global and Fitch maintaining 'A+' ratings and Moody's affirming an A1 rating, all with a stable outlook [5][6] - The company's solid profitability and robust cash flow are supported by the competitiveness of its hybrid vehicles, although challenges in the electric vehicle (EV) market and a gradual sales decline in China are noted [6] Japanese Political Maneuvering - The political landscape in Japan is experiencing significant shifts, with opposition parties, including the DPP, CDP, and Japan Innovation Party, discussing the possibility of unifying behind a single prime ministerial candidate [9] - The LDP has proposed a coalition government to the DPP and Japan Innovation Party, complicating the political alignment amid significant policy differences [9] China's Billion-Dollar Highway Toll Scam - Criminal organizations in China have reportedly generated over $1 billion through smartphone spamming related to unpaid highway tolls, utilizing sophisticated phishing schemes [10][11] - The FBI and FTC have issued warnings about these scams, advising the public to delete suspicious messages and avoid clicking on links, as legitimate toll agencies do not use such methods for collection [11]