利好不断，深夜，芯片股大涨

Market Overview - The US stock market saw a collective rise on January 15, with the Dow Jones up by 0.38%, Nasdaq up by 0.76%, and S&P 500 up by 0.53% [1] - The Philadelphia Semiconductor Index surged over 3%, indicating strong performance in the semiconductor sector [2] Semiconductor Stocks Performance - Notable individual stock performances included COHERENT rising over 11%, Entegris up nearly 9%, KLA and Applied Materials both increasing over 7%, and TSMC and ASML rising over 6% [2][3] - Other significant gainers included Lam Research and AMD up over 5%, while NVIDIA, ARM, and Broadcom rose over 2% [2][3] TSMC Financial Results - TSMC reported a net profit of NT$505.7 billion for Q4 2025, a 35% year-on-year increase, significantly exceeding market expectations [3] - The company's consolidated revenue reached NT$1.46 trillion, a 20.5% year-on-year growth, surpassing the market forecast of NT$1.03 trillion [3] - Operating profit was NT$564.9 billion, up 32.7% year-on-year, with an operating margin of 54% and a gross margin of 62.3%, both exceeding market estimates [3] Future Projections for TSMC - TSMC anticipates Q1 2026 sales between $34.6 billion and $35.8 billion, exceeding market expectations of $33.22 billion [5] - The company expects a gross margin of 63% to 65% for Q1 2026, also above the market forecast of 59.6% [5] - TSMC's capital expenditures are projected to total $40.9 billion for 2025, with expectations of $52 billion to $56 billion for 2026, indicating a significant increase in future capital spending [5] Semiconductor Industry Outlook - Omdia forecasts that global semiconductor revenue will exceed $1 trillion for the first time in 2026, driven by unprecedented demand for AI [5] - The semiconductor industry's revenue growth is expected to reach 20.3% year-on-year in 2025, with a projected 30.7% growth in 2026, supported by the expansion of logic ICs and high demand for DRAM and NAND flash memory [5]