台积电，赚麻了

Core Viewpoint - TSMC reported a significant increase in revenue for April 2025, with a month-over-month growth of 22.2% and a year-over-year growth of 48.1% [1]. Group 1: Revenue Performance - TSMC's consolidated revenue for April 2025 was approximately NT$349.57 billion, marking a 22.2% increase from the previous month and a 48.1% increase compared to the same month last year [1]. - Cumulative revenue for the first four months of 2025 reached approximately NT$1,188.82 billion, reflecting a 43.5% increase year-over-year [1]. Group 2: Advanced Packaging Developments - TSMC is expanding its advanced packaging capabilities in Taiwan, with the WMCM (Wafer-Level Multi-Chip Module) technology entering trial production, expected to begin mass production in the fourth quarter of 2025 at the Chiayi plant [1]. - The advanced packaging expansion focus has shifted from the Zhunan and Taichung plants to the Nanke and Chiayi plants, with the Chiayi AP7 facility planned to have six phases of development [1]. - The P1 facility in Chiayi is set to prioritize WMCM expansion, while the P2 facility is progressing ahead of schedule, with machine installation expected by August [1]. Group 3: Apple Collaboration and Technology Integration - The upcoming iPhone 18 is expected to utilize TSMC's A20 chip, which will adopt 2nm technology and WMCM packaging, specifically designed for Apple's needs [2]. - WMCM is seen as an upgrade from the current InFo-PoP technology, integrating CoWoS and InFo techniques for improved thermal performance [2]. - The integration of various advanced packaging technologies under TSMC's 3DFabric platform is viewed as a strategic direction for the company, despite potential uncertainties from trade tariffs [2].