Core Viewpoint - TSMC's expansion in the U.S. is showing promising results, with significant profits from its Arizona facility, indicating a successful shift towards American manufacturing in the semiconductor industry [2][3][4]. Financial Performance - TSMC reported a net profit of NT$3,982.7 billion for Q2, with the Arizona plant contributing NT$42.32 billion in net profit, marking its first profit contribution to the parent company [2][4]. - The company's consolidated revenue reached NT$9,337.9 billion, with a net profit growth of 60.7% year-on-year and a gross margin of 58.6%, setting a historical record [4][6]. Production Capacity and Demand - The Arizona P1 plant has a monthly production capacity of approximately 30,000 4nm wafers, fully booked by major clients like Apple and AMD [3][6]. - TSMC's U.S. facilities currently meet only 7% of the U.S. chip demand, highlighting the need for further expansion to satisfy local market requirements [6][8]. Competitive Landscape - TSMC's investment in the U.S. is driven by the need to secure major clients and avoid tariffs, with over 90% of its high-margin orders coming from U.S. customers [4][6]. - The competition is intensifying, as companies like Samsung are also expanding their semiconductor manufacturing capabilities in the U.S. [6][8]. Advanced Packaging and AI Demand - The demand for advanced packaging, particularly CoWoS technology, is surging due to the rise of AI applications, leading to capacity constraints across Taiwan's packaging facilities [9][10]. - TSMC's advanced packaging plant in Chiayi is facing delays, exacerbating the supply-demand imbalance in the market [10][11].
台积电美国厂,开始挣钱了