晶圆厂，营收大增

Core Insights - The global foundry 2.0 market is projected to reach $84.8 billion in Q3 2025, representing a 17% year-over-year growth driven by the demand for GPUs and other components due to the rise of artificial intelligence [2] Group 1: Market Performance - TSMC's sales in Q3 2025 are expected to grow by 41% year-over-year, primarily due to increased production of 3nm products for Apple and the mass production of 4/5nm products for AI accelerator clients like NVIDIA, AMD, and Broadcom [3] - Other dedicated foundries are expected to see a modest sales growth of only 6% year-over-year in Q3 2025, while Chinese foundries benefit from domestic policy support, achieving a 12% sales increase [3] - Non-memory integrated circuit devices have shown a 4% year-over-year growth, indicating the end of the inventory adjustment cycle, with Texas Instruments (TI) experiencing a notable increase of 14% [3] Group 2: OSAT Performance - OSAT companies are maintaining strong performance, with sales in Q3 2025 increasing by 10% year-over-year, largely due to the robust demand for AI GPUs and AI ASICs, particularly from ASE Technology [4] - ASE Technology forecasts a 15% year-over-year growth in its foundry 2.0 business for the entire year of 2025, with the dedicated foundry market expected to grow by 26% [4] - The demand for AI GPUs and AI ASICs is anticipated to remain strong in the short term, although TSMC may face sales limitations in Q4 due to capacity constraints [7]