台积电(TSM.US)盘前涨1.14%，报322.3美元。消息面上，台积电先进制程维持高产能利用率，其中3nm 制程持续供不应求。芯片业内人士透露，台积电今年除调高3nm报价外，已暂时停止3nm新案启动。业 内人士分析，主因在于订单满载、现有产能已难以负荷，短期内扩产速度亦难以追上客户需求涌入。台 积电正鼓励仍处于产品规划初期的客户，直接评估导入2nm制程，以利后续量产与成本配置。 野村发研报指，鉴于供应严重受限，市场对亚洲AI半导体及服务器供应链公司今年的盈利预期将持续 上调。相信凭借相对审慎的产能扩建计划，台积电能充分利用英伟达和博通引领的强劲AI逻辑半导体 产业在今年实现潜在增长，并带来25%至30%的营收增长(以美元计)。(格隆汇) | TSM 台积电 | | | | --- | --- | --- | | 318.680 4 -8.750 -2.67% | | 收盘价 01/07 15:59 美东 | | 322.300 + 3.620 +1.14% | | 盘前价 01/08 04:13 美东 | | 二 24 24 5 8 9 日 0 | | ● 快捷交易 | | 最高价 326.300 | 开 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 在这些追赶者中，英特尔的转型动作最为激进，也最具系统性。作为曾经的半导体霸主，英特尔在制 程技术上的落后一度让外界质疑其代工业务的前景。但从2024年底到2025年，英特尔展现出的战略 调整清晰而坚决：不是放弃先进制程竞争，而是通过技术突破、客户争取和生态整合，试图在特定领 域重新建立竞争力。 先进制程：14A与High-NA EUV的技术豪赌 英特尔晶圆代工的核心筹码是其14A制程节点。这一节点被定位为对外部客户极具竞争力的选择，预 计在功耗效率和芯片密度方面实现显著提升。更关键的是，14A将成为全球首个在关键层采用高数值 孔径（High-NA）EUV光刻技术的制造节点。 英 特 尔 已 安 装 ASML 的 Twinscan EXE:5200B ， 这 是 业 界 首 款 采 用 0.55 数 值 孔 径 投 影 光 学 系 统 的 High-NA光刻设备。该设备能够以8nm的分辨率打印芯片，在50 mJ/cm²的剂量下每小时可处理175 片晶圆，并实现0.7纳米的套刻精度。相比之下，台积电和三星虽然也在测试High-NA设备的研发版 本，但尚未将其用于商业 ...

国芯网[原:中国半导体论坛] 振兴国产半导体产业！ 不拘中国、 放眼世界 ！ 关注 世界半导体论坛 ↓ ↓ ↓ 12月19日消息，据台媒报道，2026年三季度，台积电位于美国的子公司TSMC Arizona第二晶圆厂将启动设备导入。该厂计划于2027年投入3nm制程生产， 较原计划提前一年。 设备导入后预计需一年以上时间完成调试并实现量产，与魏哲家此前表态一致。此外，采用2nm制程的第三晶圆厂厂务工程已于今年初发包，施工将于 2026年第二季度启动，紧接第二工厂建设进度。 台积电如此积极地把产能转移到美国，就不怕技术泄密吗？这也是外界最关心的问题之一，台积电之前多次表态安抚质疑，表示最先进的工艺还会在总部 基地生产。 现在更有主管部门出来表态放风，表示关键技术都会有管制，而且参与人员也会纳入其中，台积电未来会推进到1.4nm工艺，需要满足N-2要求后才能出 海。 N-2意味着海外基地生产的工艺要落后台积电本土两代才能转移出去，比如台积电当前最先进的量产工艺是2nm（N2），那么海外生产的就是5nm级别 （N5），中间还隔着3nm工艺，落后两代。 未来台积电量产1.4nm（A14）工艺之后，2nm工艺才会在美国 ...

Core Viewpoint - TSMC reported significant growth in revenue and net profit for Q3 2025, driven by strong demand for advanced processes, particularly in AI applications [1][3][5]. Financial Performance - TSMC's consolidated revenue for Q3 reached NT$989.92 billion, a year-on-year increase of 30.3%. In USD, the revenue was $33.1 billion [3]. - The net profit for the quarter was NT$452.3 billion, marking a 39.1% year-on-year growth and setting a historical record [3]. - The gross margin was 59.5%, reflecting a 0.9 percentage point increase from the previous quarter [3]. Product Composition - In terms of product composition, the revenue from the 3nm process accounted for 23% of total wafer revenue, while the 5nm process contributed 37%, and the 7nm process made up 14%. Advanced processes (7nm and below) collectively represented 74% of total wafer revenue [3]. Platform Revenue Breakdown - High-Performance Computing (HPC) accounted for 57% of revenue, surpassing smartphones at 30%, IoT at 5%, automotive at 5%, and digital consumer electronics at 1% [4]. - The fastest-growing platform was IoT, which saw a year-on-year growth of 20%. Revenue growth for HPC, smartphones, and automotive platforms was recorded at 0%, 19%, and 18%, respectively [4]. Future Outlook - TSMC forecasts Q4 sales between $32.2 billion and $33.4 billion, exceeding market expectations of $31.23 billion. The gross margin is expected to be between 59% and 61% [4]. - For 2025, TSMC anticipates a revenue growth of approximately 30% [4]. Management Insights - TSMC's CEO emphasized the strong and increasing demand for AI, which is expected to drive future growth. The company plans to continue investing to support this demand [5]. - The management highlighted the need to address the supply-demand gap in advanced packaging and is working to enhance capacity for 2026 [5]. - TSMC is accelerating capacity expansion at its Arizona facility and is preparing to upgrade technology for more advanced processes. A second plot of land near the existing factory will be acquired to support expansion plans [5].

Core Insights - TSMC is set to hold an earnings call on October 16, with strong demand for its upcoming 2nm capacity, leading major clients like Apple, AMD, Qualcomm, and MediaTek to fully book the capacity for next year [1] - The company is expected to see capital expenditures in 2026 exceed NT$3 trillion, marking a new record [1] - TSMC's 2nm production facilities in Hsinchu and Kaohsiung are in trial production, with a yield rate nearing 70%, and mass production is anticipated to begin by the end of the year [1] Group 1 - TSMC's initial monthly production capacity for the 2nm process is projected to reach 40,000 wafers by the end of the year, with expectations to increase to nearly 100,000 wafers by the end of next year as additional facilities come online [1] - The company is currently in a quiet period before the earnings call, but supply chain sources indicate that all 2nm capacity has been booked by major clients [1] - The demand for advanced packaging is also rising, with TSMC's overall advanced packaging monthly capacity expected to exceed 150,000 units next year [2] Group 2 - TSMC plans to continue expanding its overseas facilities, alongside increasing production capacity at its Hsinchu and Kaohsiung sites, which will contribute to a significant rise in capital expenditures in 2026, potentially surpassing the current range of US$38 billion to US$42 billion [2] - The company is expected to maintain high utilization rates for its advanced packaging processes, driven by increased demand from clients like Apple and AMD [2] - The overall outlook for TSMC remains positive, with expectations for continued growth in both production capacity and capital expenditures [2]

Group 1 - TSMC's stock price increased by 3.49% on October 6, marking a total rise of 4.96% over two days, reflecting optimistic market sentiment towards the company's future, particularly due to its advanced process technology [1] - TSMC, as the world's largest foundry, is at the forefront of AI technology, with its 3nm and upcoming 2nm processes being favored by major clients like Apple, Qualcomm, and MediaTek, driving demand and price increases for its services [1] - The price of TSMC's advanced N3P process has risen by approximately 20%, significantly impacting the cost of new flagship smartphone chips, which will lead to higher prices for consumers [1] Group 2 - TSMC is expected to report better-than-expected revenue for Q3, with projections indicating a revenue of $32.4 billion, representing a year-on-year increase of around 40%, driven by the growing demand for AI applications and increased silicon content in new Apple and NVIDIA chips [2] - The demand for high-end processes is continuously increasing, with TSMC's advanced processes expected to contribute significantly to revenue growth, particularly with the upcoming 2nm process set to drive performance in 2026 [2] - TSMC's market environment and strategic positioning suggest strong growth potential in the coming years, with predictions that revenue contributions from 7nm and below processes will exceed 80% when 2nm volume production begins [2]

Core Viewpoint - TSMC is expected to report strong financial results for Q3 and optimistic projections for Q4, driven by high demand for advanced process technologies, particularly in AI applications [1][2] Group 1: Financial Performance - TSMC's Q3 revenue is anticipated to be around $32.4 billion, maintaining above the $30 billion mark, with a sequential increase expected in the second half of the year [1] - For Q4, TSMC's revenue is projected to be approximately $29.1 billion, reflecting a 10.2% decrease quarter-over-quarter but an 8.2% increase year-over-year [2] - The company aims for a 30% year-over-year increase in total revenue for the year, with projections indicating that 2025 revenue could exceed $117.1 billion [1][2] Group 2: Market Drivers - The demand for advanced process technologies is being driven by AI applications, with TSMC's chairman noting that all AI innovators are collaborating with the company [1] - The 3nm and 5nm process families are key contributors to TSMC's revenue growth, with 3nm shipments accounting for 24% and 5nm for 36% of total shipments in Q2 [2] - TSMC's advanced process technologies (including 7nm and below) contributed to 74% of total wafer sales in the last quarter, marking a record high [2] Group 3: Future Outlook - TSMC's revenue growth for 2025 is expected to significantly exceed previous targets, with estimates suggesting nearly a 40% increase [2] - The ramp-up of 2nm production is anticipated to be a major growth driver for 2026, with 7nm and below processes expected to contribute over 80% of overall revenue [2]

Core Viewpoint - TSMC (TSM.US) reached a historic high in trading, with an initial increase of over 2% following news of discussions with AI startup Tenstorrent regarding 2nm process production [1] Company Developments - Tenstorrent's CEO Jim Keller indicated that the company is in talks with both TSMC and Samsung Electronics for potential collaboration on 2nm manufacturing [1] - There is also a possibility of Intel being involved as a foundry option for Tenstorrent's production needs [1]

Core Viewpoint - TSMC's stock price has surged over 3%, reaching a historic high of $281.70, driven by news of significant price increases for its 2nm process compared to the 3nm process [1] Group 1: TSMC's Pricing Strategy - TSMC's 2nm process pricing is expected to rise at least 50% compared to the 3nm process, while the last generation 3nm CPU prices have increased by approximately 20% [1] - The latest 2nm process is set to begin mass production this quarter, but TSMC currently has no discounting or negotiation strategies due to high capital expenditures for advanced processes [1] Group 2: Market Implications - The flagship chips utilizing the 2nm process may have a unit price reaching $280 [1] - Major memory chip manufacturers like Samsung and SK Hynix have already raised their product prices, contributing to an acceleration in semiconductor price increases [1]

Core Viewpoint - TSMC's stock price has surged over 3%, reaching a historical high of $281.70, driven by the announcement of significant price increases for its 2nm process technology compared to the 3nm process [1] Group 1: TSMC's Pricing Strategy - TSMC's 2nm process pricing is expected to increase by at least 50% compared to the 3nm process, while the last generation 3nm CPU prices have risen approximately 20% compared to the previous generation [1] - The company plans to start mass production of the 2nm process in the current quarter, but due to high capital expenditures for advanced processes, TSMC currently has no discounting or negotiation strategies in place [1] Group 2: Market Impact - The flagship chips utilizing the 2nm process are projected to have a unit price potentially reaching $280 [1] - Major memory chip manufacturers like Samsung and SK Hynix have already begun raising their product prices, contributing to an accelerated increase in semiconductor prices [1]