TSMC(US:TSM) 国芯网·2025-11-18 04:50Core Viewpoint - TSMC's Arizona factory is facing severe financial pressure, with profits plummeting dramatically due to high operational costs and the shift towards advanced 3nm process technology [2][4]. Group 1: Financial Performance - TSMC's profits at the Arizona factory dropped from 42.32 billion New Taiwan Dollars in Q2 2025 to only 410 million New Taiwan Dollars in Q3 2025, marking a staggering decline of 99% [2]. - The financial strain is attributed to the high costs associated with transitioning to advanced semiconductor manufacturing processes [4]. Group 2: Operational Challenges - The costs of building and operating a semiconductor factory in the U.S. are significantly higher than anticipated, including expensive equipment, high labor costs, and reliance on imported technical talent [4]. - TSMC's strategy to meet the growing demand for advanced chips driven by AI requires substantial investment in resources, which is expected to keep profitability lower than in other regions for the foreseeable future [5].