苹果承认：芯片麻烦了

Core Viewpoint - Apple Inc. has announced that its Q2 FY2026 performance will be constrained by the supply of advanced processors from TSMC, marking the first time the company has made such a statement in years [1] Group 1: Apple’s Performance and Supply Constraints - Apple CEO Tim Cook indicated that the company is facing supply bottlenecks in Q2, which is reflected in the revenue guidance provided by CFO Kevin Parker [1] - The bottleneck is attributed to limited capacity at advanced process nodes, exacerbated by a 23% growth in Q1 performance, which has reduced the ability to significantly increase production [1] - CFO Kevin Parker emphasized that the guidance for the next quarter is based on the company's best estimate of supply constraints, indicating a rapidly changing situation [1] Group 2: TSMC's 2nm Capacity Demand - TSMC's 2nm process is being aggressively adopted by chip manufacturers, with companies like NVIDIA, AMD, and ASIC designers competing for capacity [2] - The rise of AI has led to high-performance computing (HPC) customers occupying a significant share of TSMC's total revenue, with initial applications driven by mobile clients like Apple and Qualcomm [2] - The competition for high-end process technology is intensifying, as major players like AMD and NVIDIA plan to utilize TSMC's advanced processes for upcoming products [2] Group 3: DRAM Price Surge - DRAM contract prices are rising at an unprecedented rate, with reports indicating that prices have nearly doubled due to strong demand [4] - Micron has proposed a significant price increase of 115% to 125% compared to Q4 2025, reflecting the ongoing negotiations between memory suppliers and large-scale data center operators [4] - The memory market is currently characterized as a "seller's market," with buyers having little bargaining power, and DRAM prices are expected to rise by 90% to 95% in the current quarter [4][5]