声明：本文内容均是根据权威材料，结合个人观点撰写的原创内容，辛苦各位看官支持。 文丨如梦 编辑丨小吕 台积电美国工厂2025年下半年终于盈利的消息刚出来，业界还没高兴多久，就被一组数据泼了冷水。 | | | Taiwan | us | | --- | --- | --- | --- | | Item | Unit | Fab 18 Phase 1-3 | Fab 21, Phase 1 | | Fab capex | US$ | 27,000,000,000 | 14,380,000,000 | | Wafer fab equipment | US$ | 22,950,000,000 | 8,600,000,000 | | Non-wafer fab equipment | 1158 | 4,050,000,000 | 5,690,600,000 | | Installed wafer starts per month | Thousand | 90 | 24 | | Raw materials | $/wafer | 1,520 | 3,040 | | Labor cost | $/wafer | 1,80 ...

Core Viewpoint - TSMC's production lines are nearing full capacity due to unprecedented demand for its 3nm and 5nm processes, driven primarily by mobile and HPC customers amid the AI boom [2][3]. Group 1: Demand and Market Dynamics - TSMC is experiencing strong demand across all its processes, particularly from major clients like NVIDIA, AMD, and Apple, who are integrating TSMC's chips into their consumer products [3]. - The 3nm and 5nm production lines are expected to be fully booked by next year, with a significant portion allocated to mobile and HPC clients [3][4]. - The tight supply of wafers has made it increasingly difficult for tech giants to secure chips, indicating a shift in the semiconductor market where chips are viewed as a scarce resource [4]. Group 2: Future Projections and Investments - TSMC may be compelled to raise process prices to manage demand and expand its production lines, with plans for the N3 process to commence in Arizona, requiring substantial investment [4]. - The demand for the 5nm node is also robust, with reports suggesting that companies like Apple have pre-booked a significant portion of capacity well ahead of the 2nm process launch [4]. Group 3: Industry Implications - The semiconductor industry is heavily reliant on TSMC, making it one of the most critical assets for companies worldwide, which has prompted the U.S. government to seek diversification of production away from Taiwan [4].