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]

台积电于7月的法说会预期，今年美元营收将年增30%，按照当时数据推算，2025年美元营收将首度超 过千亿美元、达约1171.079亿美元。 台积电将于下周四（10月16日）召开法说会，公布上季财报与展望。法人看好，受惠先进制程产能持续 供不应求，台积电不仅第三季度美元营收可望优于预期，乐观情况下，第四季度美元营收也可望再攀新 高，推升全年美元营收实绩超越原预期的年增30%目标。 对于第四季度相关议题，台积电指出，有关营收和业绩展望信息，依公司公告为准。 法人指出，台积电持续受惠AI应用驱动先进制程需求，来自苹果新机硅含量提升，以及英伟达冲刺AI 新应用双引擎挹注，第四季度美元营收有机会持平第三季度，甚至小幅季增个位数百分比，再创新高， 并挹注全年营收增长超标。 谈到AI应用议题，台积电董事长魏哲家先前于股东会上提到，所有的AI创新者都和台积电合作，AI供 不应求，台积电努力增加产能让客户满意。 此外，台积电尚未公布第三季度美元营收，法人预期，台积电第三季度美元营收平均约324亿美元，持 续跨越300亿美元关卡，下半年逐季升温。 而从目前产业信息来看，法人指出，受惠先进制程持续供不应求，台积电2025年美元营收 ...

昨日盘中创历史新高的台积电(TSM.US)盘初涨超2%。消息上，硅谷芯片界重量级人物、AI新创公司 Tenstorrent首席执行官Jim Keller表示，他们正分别和台积电和三星电子洽谈，盼望用两家公司2nm制程 生产，也不排除英特尔代工。 ...

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]

Group 1 - TSMC's stock price increased over 2.3% to $279 before market opening, with expectations of reaching new highs after opening [1] - The foundry price for TSMC's third-generation 3nm process (N3P) is rumored to have increased by approximately 20% compared to the previous N3E process, while the price for the upcoming 2nm process is expected to rise by 50% [1] - TSMC has secured 15 customers for its 2nm process, with 10 of them focused on HPC applications and the remaining on mobile chip clients [1] Group 2 - Citigroup's report indicates that TSMC is likely to remain a key foundry partner for both NVIDIA and Intel following their collaboration [1] - NVIDIA confirmed in August that TSMC is producing six new chips for its next-generation Rubin architecture [1] - Analysts at Citigroup predict that TSMC's revenue from NVIDIA will grow by 50% and from Intel by 20% by 2026 [1]

Core Viewpoint - TSMC is set to begin mass production of its 2nm process by the end of this year, with Apple securing half of the capacity for its 2nm chips by 2026 [1] Group 1: Company Developments - TSMC's stock rose nearly 1% to $265.17 ahead of market opening [1] - The upcoming iPhone 18 series will feature the A20 and A20 Pro processors, which will utilize TSMC's 2nm process [1] - The MacBook Pro's M6 processor and the next-generation Vision Pro's R2 chip will also adopt TSMC's 2nm technology [1] Group 2: Industry Implications - The collaboration between TSMC and Apple highlights the increasing demand for advanced semiconductor technology [1] - The shift to 2nm technology represents a significant advancement in chip manufacturing, potentially impacting the competitive landscape in the semiconductor industry [1]

Core Insights - TSMC's 2nm process technology has reportedly been compromised, with implications for Japan's semiconductor revival efforts, particularly targeting the company Rapidus [1] Group 1: TSMC's Technology Leak - TSMC's 2nm process technology has faced a significant security breach, raising concerns about the protection of proprietary information [1] - The leak is seen as a direct threat to TSMC's competitive edge in the semiconductor industry [1] Group 2: Impact on Japan's Semiconductor Industry - The incident highlights the ongoing challenges Japan faces in revitalizing its semiconductor sector, with Rapidus positioned as a key player in this effort [1] - Rapidus's ambitions may be undermined by the theft of TSMC's technology, potentially affecting its development timeline and market competitiveness [1]

Core Insights - TSMC has secured a significant client for its 2nm process, with Intel reportedly entrusting the Nova Lake-S desktop processor to TSMC for manufacturing, expected to enter mass production in Q3 2026 [1][2] - The collaboration between Intel and TSMC continues to evolve, with Nova Lake-S being the first processor from Intel to utilize TSMC's 2nm technology, following previous partnerships for 3nm processes [2] TSMC Developments - TSMC is set to hold an earnings call on July 17, 2023, amidst a quiet period prior to the event [1] - TSMC's stock price fell by 5 New Taiwan Dollars to 1,095 New Taiwan Dollars on July 14, 2023, with a subsequent ADR decline of approximately 0.8% [1] Intel Developments - The Nova Lake-S processor is anticipated to feature multiple versions for both desktop and laptop applications, with the high-end variant expected to include 52 cores, comprising 16 performance cores (P-core) and 32 efficiency cores (E-core) [2] - Nova Lake-S will integrate advanced storage controllers capable of supporting speeds up to 8,800 MT/s, with GPU functionalities provided by the Xe3 Celestial architecture and media decoding managed by the Xe4 Druid architecture [2] Market Implications - The addition of Intel as a client for TSMC's 2nm process is expected to enhance TSMC's order volume, following interest from other major companies like Apple, NVIDIA, AMD, Qualcomm, and MediaTek [1] - The flexibility in production offered by TSMC's 2nm process may mitigate potential delays or shortages in chip supply that could arise from Intel's own manufacturing constraints [1]

Core Insights - TSMC reported June revenue of NT$263.71 billion, a decrease of 17.7% month-over-month but an increase of 26.9% year-over-year [1] - For the first half of the year, TSMC's revenue reached NT$1,773.046 billion, a 40.0% increase compared to the same period last year [1] - Q2 revenue was NT$933.796 billion (approximately US$31.95 billion), up 38.6% year-over-year, exceeding company guidance and market expectations [1] - Analysts had predicted Q2 revenue of NT$927.831 billion, while JPMorgan expected US$29.95 billion, with a quarter-over-quarter growth of 17% [1] - Strong demand for 3nm and 5nm processes, along with urgent orders for older process nodes, contributed to the revenue growth despite significant appreciation of the New Taiwan Dollar [1] - TSMC's gross margin for Q2 is expected to remain at 57.9% [1] Company Outlook - TSMC's CEO, C.C. Wei, indicated that while U.S. tariffs have had some impact, demand for AI remains strong and continues to exceed supply [2] - The company forecasts a mid-teens percentage growth in revenue for 2025 [1][2] - TSMC expects full-year revenue growth in USD to be close to the mid-20% range (24%-26%) [2] - The company plans to hold an earnings call on July 17, focusing on order outlook for the second half, capital expenditure plans for 2026, and progress on 2nm process technology [2] - TSMC benefits from the AI boom as the largest chip foundry, producing high-end processors for companies like NVIDIA and AMD [2] - The company announced plans to invest an additional US$100 billion in the U.S., following a previous commitment of US$65 billion for three factories [2]