TSMC(US:TSM) 摩尔投研精选·2025-08-05 11:06Group 1 - Global semiconductor sales reached $59.9 billion in June 2025, representing a year-on-year growth of 19.6% compared to $50.1 billion in June 2024 [1] - TSMC reported a net profit of nearly NT$398.3 billion in Q2 2025, a year-on-year increase of nearly 61%, marking a record high for quarterly net profit and the highest growth rate in three years [1] - TSMC expects a revenue growth of approximately 30% for the entire year of 2025, driven by AI demand [1] Group 2 - The semiconductor sector is anticipated to experience a "valuation expansion" trend in 2025, supported by the convergence of macro policy cycles, industry inventory cycles, and AI innovation cycles [2] - The global semiconductor market is expected to maintain an optimistic growth trajectory in 2025, with AI driving downstream growth and ongoing domestic substitution efforts [2] - Companies in various segments are expected to report strong performance in Q2, with a focus on design, storage, foundry, and domestic chip production [2]