TSMC(US:TSM) Ge Long Hui·2026-01-22 09:18Core Viewpoint - TSMC's advanced 3nm process is facing unprecedented production bottlenecks due to a surge in artificial intelligence demand, with capacity fully booked until 2027. Nvidia has overtaken Apple to become TSMC's largest customer, accounting for approximately 13% of TSMC's total revenue [1]. Group 1: Company Performance - TSMC's pre-market stock price increased by 1.43% to $330.78 [1]. - The closing price on January 21 was $326.12, reflecting a decrease of 0.32% [1]. - The stock reached a high of $333.64 and a low of $325.68 during the trading session [1]. Group 2: Financial Metrics - TSMC's total market capitalization is approximately $1.69 trillion [1]. - The price-to-earnings (P/E) ratio is reported at 31.16 [1]. - The dividend yield stands at 0.93% with a trailing dividend of $3.033 [1]. Group 3: Market Dynamics - Nvidia's CEO confirmed that the company has become TSMC's largest client, surpassing Apple [1]. - Industry estimates suggest that Nvidia now represents 13% of TSMC's total revenue, indicating a significant shift in customer dynamics [1].