美股异动 | 台积电(TSM.US)涨逾3% 大摩预计四季度公司毛利率将突破60%

Core Viewpoint - TSMC is set to begin mass production of its 2nm technology by the end of this year, with significant demand from major clients like Apple, Qualcomm, MediaTek, and AMD, leading to a need for additional factory construction to meet this demand [1] Group 1: Company Developments - TSMC's 2nm production capacity has been fully booked, necessitating an investment of $28.6 billion for new factory construction to satisfy customer needs [1] - Apple has secured over half of the initial 2nm production capacity, with remaining capacity allocated to other clients [1] - TSMC plans to increase its monthly production to 100,000 wafers by the end of 2026 [1] Group 2: Financial Outlook - Morgan Stanley has raised TSMC's target stock price from NT$1,688 to NT$1,888, citing growth potential in revenue and profit margins [1] - TSMC is expected to show a revenue growth guidance in the mid-20% range for 2026, ultimately achieving a year-on-year growth of 30% [1] - The company is projected to exceed a gross margin of 60% in Q4 2025 and maintain over 60% for the entire year of 2026 [1]