TSMC(US:TSM) 日经中文网·2025-08-10 00:33Core Viewpoint - The global semiconductor investment landscape is experiencing significant growth driven by artificial intelligence (AI), with a projected equipment investment of $135 billion in 2025, marking a 7% increase from the previous fiscal year [2][4]. Group 1: Major Companies and Investment Plans - TSMC plans to start construction or launch factories in 9 locations worldwide by 2025, with an estimated investment of $38 to $42 billion, representing a 30% increase from the previous year [4]. - Micron expects to invest approximately $14 billion in the fiscal year 2025, a 70% increase year-on-year, focusing on high bandwidth memory (HBM) for AI data storage [5]. - SMIC, China's largest semiconductor foundry, plans to invest $7.5 billion in 2025, reaching a historical high [6]. Group 2: Market Trends and Dynamics - The semiconductor market is anticipated to grow in the coming years, driven by AI, with AMD predicting the AI semiconductor market will reach $500 billion by 2030, more than tripling from 2025 [5]. - There is a notable divergence in investment trends among major semiconductor manufacturers, with companies like Intel and Samsung experiencing declines in equipment investment due to market conditions [6]. - Global semiconductor manufacturing is set to see the establishment of 108 new factories from 2025 to 2027, a 30% increase compared to 2021-2023 [7]. Group 3: Regional Support and Competition - Various countries are providing support through subsidies to attract semiconductor manufacturing, influenced by geopolitical tensions and trade policies [6]. - The semiconductor equipment giant Tokyo Electron has adjusted its sales forecasts for new equipment due to changes in client investment plans, indicating potential supply surplus in certain semiconductor categories [7].