台积电美国厂开始挣钱了！

Core Viewpoint - The article highlights the significant advancements and investments made by TSMC in the semiconductor industry, particularly in the United States, and the implications for its profitability and market position [2][4]. Group 1: TSMC's Financial Performance - TSMC reported a substantial after-tax net profit of 398.27 billion NTD in Q2, marking a year-on-year increase of over 60%, with a net profit margin of 42.7% [2]. - The company's investment in U.S. chip factories is showing promising results, with an after-tax net profit of 4.23 billion NTD from U.S. operations, although this is a small fraction of the total profit [2]. Group 2: U.S. Investments and Production Capacity - TSMC's total investment in the U.S. is projected to reach 165 billion USD, which remains significant even after accounting for subsidies from the U.S. CHIPS Act [4]. - The first U.S. factory, producing 4nm chips, has commenced operations with full capacity booked by clients like Apple and AMD [4]. - The second factory, expected to produce 3nm chips, is under construction and is anticipated to begin operations in Q3 of the following year [4]. Group 3: Profitability Milestones - TSMC's Arizona wafer plant, after four years and nearly 40 billion NTD in cumulative losses, is expected to achieve an after-tax net profit of 4.23 billion NTD by Q2 2025, with a total profit of 4.73 billion NTD in the first half of that year [4]. - This milestone indicates a shift towards profitability for TSMC's advanced manufacturing setup in the U.S., contrasting with the ongoing losses at Japan's Kumamoto plant [4].