“AI时代以来首次长期涨价行动”！台积电启动“连续4年涨价”

Core Viewpoint - TSMC has initiated a four-year price increase plan for advanced processes below 5nm, with expected price hikes of 3% to 10% starting in 2026, driven by rising production costs and ongoing capacity shortages [2][3]. Group 1: Price Increase and Market Dynamics - TSMC's price adjustments reflect a return to regular annual pricing after a freeze during the pandemic, with the 2023 increase being modest, primarily due to supply-demand imbalances and inflation [3]. - The price hikes are expected to trigger a new wave of chip price increases across the industry, as TSMC's actions align with comments from other industry players like MediaTek regarding cost adjustments [2][4]. - The advanced process nodes, particularly 5nm and 3nm, are crucial for TSMC's growth, contributing to 60% of revenue in Q2, with 3nm accounting for 23% and 5nm for 37% [6]. Group 2: Customer Relations and Pricing Strategy - TSMC will consider factors such as customer purchasing scale and cooperation depth when determining specific price increases, aiming to balance cost reflection with stable customer relationships [5]. - The company emphasizes close collaboration with clients to plan capacity and invest in advanced technologies, ensuring appropriate compensation while meeting customer demands [6]. Group 3: Future Outlook and AI Demand - The demand for AI applications is expected to drive TSMC's revenue growth, with forecasts suggesting that AI-related revenue could reach 35% of total income by 2028, potentially being achieved earlier [6]. - TrendForce anticipates that wafer foundries will raise foundry prices by 2026 due to increased demand for power management chips driven by AI, indicating a broader market trend towards price increases [6].