台积电2025年营收同比增长逾三成

Core Insights - TSMC reported a consolidated revenue of approximately NT$335 billion for December 2025, reflecting a month-over-month decline of 2.5% but a year-over-year increase of 20.4%, marking a record high for the month [1] - The revenue for the entire year of 2025 is projected to be around NT$3.81 trillion, representing a year-over-year growth of 31.6%, setting a new historical record [1] - The strong performance is attributed to the booming demand in the artificial intelligence sector, which has significantly increased the demand for TSMC's products [1] Company Performance - TSMC's Q4 2025 revenue is estimated to reach NT$1.05 trillion, a year-over-year increase of approximately 20%, surpassing market expectations [1] - The revenue forecast provided in TSMC's October earnings call aligns closely with the actual figures, indicating a strong performance [1] - TSMC is set to release its complete Q4 earnings report on January 15, which will include updated guidance for the current quarter and the full year [1] Industry Outlook - TSMC maintains over 90% market share in the AI chip market, driving its revenue to new heights [2] - Projections indicate that TSMC's 2nm revenue may surpass the combined revenue of its 3nm and 5nm processes by Q3 2026, highlighting the rapid pace of technological transition [2] - J.P. Morgan forecasts a 30% year-over-year revenue growth for TSMC in 2026, while Aletheia predicts a 40%-50% growth rate in 2027, marking a significant year for capacity expansion [2] - Despite TSMC's advanced manufacturing capabilities, there are reports that Apple may consider using Intel's foundry services for some of its M-series chips, focusing on entry-level Mac models [2]