免责声明：本文内容与数据由观点根据公开信息整理，不构成投资建议，使用前请核实。 观点网讯：1月4日，据市场消息，苹果即将推出的A20芯片单颗成本高达280美元，折合人民币约1958 元，较上一代A19芯片上涨80%，远超市场预期。 三星已于1月3日发布全球首款2nm工艺芯片Exynos2600，高通、联发科、苹果等头部厂商均计划在下一 代旗舰平台导入2nm制程。随着制程微缩，晶圆代工价格与前期良率压力同步攀升，带动SoC成本水涨 船高。 ...

Core Insights - TSMC has raised its revenue growth forecast for 2025 to the mid-range of 30%, reflecting strong confidence in demand for AI components such as chips from Nvidia [1][3] - In Q3, TSMC reported revenue of $33.1 billion, a year-on-year increase of 40.8%, significantly exceeding market expectations [1] - The company's Q3 profit surged 39% to NT$452.3 billion (approximately $14.8 billion), prompting an increase in the lower limit of its capital expenditure target for 2025 to at least $40 billion [1] - Advanced technologies (7nm and above) accounted for 74% of TSMC's total wafer revenue, with 3nm shipments making up 23% and 5nm 37% [1] Revenue and Profit Performance - TSMC's preliminary Q3 sales reached NT$990 billion (approximately $33.05 billion), surpassing guidance expectations, indicating strong demand for AI and iPhone chips [5] - The gross margin is expected to remain at the high end of the forecast range of 55.5%-57.5% due to robust orders for Apple A19 and Nvidia Blackwell chips [5] Market Position and Industry Dynamics - TSMC plays a crucial role in the AI investment boom, being the exclusive manufacturer of chips for major devices like the iPhone and essential for AI services such as ChatGPT and Google Gemini [3] - The company is preparing for potential disruptions in the global semiconductor supply chain due to geopolitical tensions, including export restrictions on rare earth minerals from China and additional tariffs from the U.S. [3][6] - TSMC's CEO has expressed confidence in the sustainability of AI demand, while the company is expanding its manufacturing capabilities in the U.S. to mitigate risks associated with geopolitical uncertainties [6]