2nm，被疯抢！

Core Insights - The rapid development of artificial intelligence presents significant challenges for TSMC, which is striving to overcome supply constraints in its 2nm process technology to meet market demand [1] - TSMC plans to increase prices for its next-generation process starting January 1, but order volumes remain strong despite the price hike [1] - By Q3 2026, TSMC's revenue from 2nm technology is expected to surpass the combined revenue from its 3nm and 5nm processes [1] Group 1: TSMC's 2nm Process Development - TSMC is set to build 10 2nm fabs in Taiwan and the U.S., with a production capacity of 80,000 to 100,000 wafers by the end of 2026 [1][2] - The company plans to invest up to $28.6 billion in constructing three new fabs in Taiwan to meet the high market demand for 2nm technology [1] - TSMC's 2nm technology has become a "monopoly" due to the explosive growth in AI, leading to a surge in customer orders [1] Group 2: Revenue and Market Share - The 2nm process began contributing to TSMC's revenue in Q3 2023, initially accounting for 6% of total revenue, which increased to 15% in Q4 2023 [2] - Currently, the 5nm process dominates TSMC's revenue, making up 60% of total revenue, but this share is expected to decline as 3nm and 2nm processes ramp up [2] - Analysts predict that TSMC's 3nm capacity will reach its limit by 2026, as it enters a "golden period of mass production" [2] Group 3: Competitive Landscape - TSMC is not planning to introduce its 2nm technology overseas and aims to launch its 3nm wafers a year earlier to prevent competitors like Samsung from gaining an advantage [2] - Major clients such as Apple, Qualcomm, MediaTek, and AMD are expected to utilize TSMC's 2nm wafers, indicating strong demand from leading tech companies [2][5] - Samsung is also advancing its 2nm process with the Exynos 2600 processor, which integrates CPU, GPU, and NPU, enhancing AI performance and reducing power consumption [6]