TSMC(US:TSM) Mei Ri Jing Ji Xin Wen·2025-10-31 07:04Core Viewpoint - TSMC anticipates strong ongoing demand for AI, with a moderate recovery in non-AI markets, presenting opportunities for domestic storage manufacturers to experience both volume and price increases [1] Group 1: Semiconductor Industry - The demand for LCD TV panels is weakening, leading to price pressure in October, but domestic manufacturers have advantages in high-end capacity and customer structure [1] - Customer inventory levels in the semiconductor sector remain low, and anti-dumping investigations may accelerate the process of domestic substitution [1] Group 2: Investment Products - The Guotai ETF (589100) tracks the Sci-Tech Chip Index (000685), which has a daily price fluctuation limit of 20%, and includes 50 representative securities from the semiconductor industry chain, reflecting the overall performance and development trends of listed companies in China's semiconductor sector [1]