台积电明年将继续提升先进制程（7nm以下）报价，先进制程涨幅预计将达3%至10%，这已经是这家全球最大晶圆代工厂连续第四年调升价格。 周一，据媒体援引产业人士消息，受生产成本攀升及产能持续供不应求影响，公司已启动与客户的年度议价沟通，预计2026年先进制程涨幅将达3% 至10%。 消息人士透露，台积电已通知客户，自9月起，针对5纳米以下先进制程启动连续4年涨价计划，涨幅将依个别客户采购等级与合作情况而异。其中最 抢手的3nm制程报价预计至少上涨个位数百分比。业界形容这是"AI时代以来首次长期涨价行动"。 分析认为，台积电罕见启动连4年涨价，恰与联发科法说会提到"将反映成本调整芯片售价"相呼应，预料将引爆下一波芯片涨价潮。市调机构指出， 随着全球通货膨胀盛行，加上台积电海外建厂与生产成本提高，为了维持高毛利率，预估2026年起台积电5nm制程以下价格将上涨约5-10%。 产能紧缺推动连续调价 台积电自2023年起恢复例行年度报价调整，结束了疫情期间的价格冻结期。2020年和2021年，公司仅取消年初的销货折让，但未全面涨价，主要考 量与客户群的长期合作关系。 2023年的涨幅主要反映产能供不应求、通胀与生产成本 ...

台积电明年将继续提升先进制程（7nm以下）报价，先进制程涨幅预计将达3%至10%，这已经是这家全球最大晶圆代工厂连续第四年调升价格。 周一，据媒体援引产业人士消息，受生产成本攀升及产能持续供不应求影响，公司已启动与客户的年度议价沟通，预计2026年先进制程涨幅将达3%至10%。 先进制程已成为台积电主要成长驱动力。5nm与3nm家族制程占今年第二季营收达六成，第三季持续维持这一比例，其中3nm占23%，5nm占37%。 台积电多次强调，公司与客户密切合作规划产能，并投资先进和特殊制程技术以支持客户需求，同时在客户信任下获取适当报酬。目前先进制程因AI应用需求 持续供不应求。 分析认为，台积电罕见启动连4年涨价，恰与联发科法说会提到"将反映成本调整芯片售价"相呼应，预料将引爆下一波芯片涨价潮。市调机构指出，随着全球通 货膨胀盛行，加上台积电海外建厂与生产成本提高，为了维持高毛利率，预估2026年起台积电5nm制程以下价格将上涨约5-10%。 产能紧缺推动连续调价 台积电自2023年起恢复例行年度报价调整，结束了疫情期间的价格冻结期。2020年和2021年，公司仅取消年初的销货折让，但未全面涨价，主要考量与客户 ...

台积电大消息 11月3日，据中国台湾《经济日报》援引产业人士消息，受生产成本攀升及产能持续供不应求影响，台积电已 启动与客户的年度议价沟通，预计2026年先进制程涨幅将达3%至10%。 据消息人士透露，台积电已通知客户，自9月起，针对5纳米以下先进制程启动连续4年涨价计划，涨幅将依个 别客户采购等级与合作情况而异。其中，最抢手的3纳米制程报价预计至少上涨个位数百分比。 芯片涨价潮来势汹汹。 据最新消息，台积电2026年将进一步提升先进制程（7nm以下）报价，先进制程涨幅预计将达3%至10%，这将 是这家全球最大晶圆代工厂连续第四年上调价格。 种种迹象表明，全球芯片涨价潮正愈演愈烈。据供应链消息，三星电子已率先暂停10月DDR5DRAM合约报 价，引发SK海力士和美光等其他存储原厂跟进，恢复报价时间预计或将延后至11月中旬。 市场层面，今日（11月3日）SK海力士、三星电子股价持续拉升，截至韩国股市收盘，SK海力士暴涨近11%； 三星电子大涨超3%，再度创出历史新高。A股存储芯片概念股亦集体走强，太极实业直线涨停，香农芯创大 涨超8%续创历史新高，普冉股份大涨超14%，江波龙、商络电子、兆易创新、北京君正等跟涨 ...

台积电上传美国亚利桑那州新厂内部运作影片，让外界一窥这座北美最先进的晶圆制造基地神秘面纱， 当中不仅有ASML造价昂贵的Twinscan NXE极紫外光（EUV）微影设备，在厂区天花板川流不息、运送 晶圆的载具"天车"形成的"银色高速公路"，更是一大吸睛亮点。 台积电在这段长达2分21秒的影片中，为美国新厂大揭密，秀出数百台高科技设备井然有序地生产芯 片，镇厂之宝无疑是ASML的Twinscan NXE极紫外光微影设备，用于产生英伟达Blackwell B300等高端 处理器中最复杂的电路。 接着画面出现所谓的"银色高速公路"，即台积电的自动化物流搬运系统，由悬挂式轨道组成，用来运送 装载12英寸晶圆的前开式晶圆传送盒。画面中可见数百个晶圆传送盒同步移动，展现晶圆在晶圆厂内精 密且高效率的物流运作，这对于在高产能制造环境下维持流程时序非常重要。 这条"银色高速公路"即业界俗称的"天车"，其正式名为"OHT空中走行式无人搬运车（Overhead Hoist Transfer）"，是一种高架搬送系统，它能有效地利用厂房立体空间，在不占用人员走道的前提下，将无 尘室内的空间使用率最大化。 这段影片让外界可以见到台积 ...

Core Insights - TSMC reported strong financial results for Q3 2025, driven by robust AI demand, with advanced process revenue accounting for over 70% of total wafer revenue [1][2] - The company achieved a record net profit of NT$452.3 billion, a year-on-year increase of 39.1% [1] - TSMC's advanced process revenue breakdown shows 3nm at 23%, 5nm at 37%, and 7nm at 14%, with advanced processes (7nm and below) making up 74% of total revenue [1] Financial Performance - TSMC's consolidated revenue for Q3 was NT$989.92 billion, a 30.3% year-on-year increase and a 6% quarter-on-quarter growth, translating to US$33.1 billion [1] - Gross margin improved to 59.5%, exceeding analyst expectations of 57.1%, while operating margin reached 50.6%, also surpassing market forecasts [1] - For Q4, TSMC forecasts revenue between US$32.2 billion and US$33.4 billion, with a gross margin of 59% to 61% and an operating margin of 49% to 51% [2] Market Segmentation - The HPC platform remains TSMC's largest revenue source, contributing 57% of total revenue, while smartphone revenue grew by 19% to account for 30% [2] - IoT and automotive sectors also saw revenue growth of 20% and 18%, respectively, each representing 5% of total revenue [2] - Declines were noted in the DEC sector, down 20% to 1%, and other sectors down 8% to 2% [2] Advanced Process Development - TSMC is making progress on its 2nm process, expected to enter trial production this quarter, with mass production anticipated in 2026 [3] - The company is also launching the N2P process for enhanced performance and efficiency, alongside the A16 process designed for high-performance computing applications [3] - TSMC's leadership in advanced processes is reinforced by strong demand for AI-related applications, with ongoing efforts to address supply constraints in AI chip manufacturing [3] Capacity Expansion - TSMC is accelerating capacity expansion at its Arizona facility and preparing to upgrade technology for advanced processes [4] - A second plot of land near the existing Arizona plant is being acquired to support expansion plans, while a second wafer fab in Japan is under construction [4] - The company estimates capital expenditures for 2025 to be between US$40 billion and US$42 billion, with approximately 70% allocated to advanced processes [4]

Core Insights - TSMC reported significant growth in revenue and net profit for Q3 2025, with advanced process revenue accounting for over 70% of total wafer revenue, driven by strong AI demand [1][3][4] Financial Performance - TSMC's consolidated revenue for Q3 reached NT$989.92 billion, a year-on-year increase of 30.3%, equivalent to approximately $33.1 billion [3] - Net profit for the quarter was NT$452.3 billion, marking a 39.1% year-on-year growth and setting a historical record [3] - Gross margin improved to 59.5%, up 0.9 percentage points quarter-on-quarter [3] Product Composition - In terms of product composition, 3nm process accounted for 23% of total wafer revenue, 5nm for 37%, and 7nm for 14%, with advanced processes (7nm and below) collectively making up 74% of total wafer revenue [3] - High-Performance Computing (HPC) revenue represented 57% of total revenue, surpassing smartphones at 30%, IoT at 5%, automotive at 5%, and digital consumer electronics at 1% [3] Future Outlook - TSMC forecasts Q4 sales between $32.2 billion and $33.4 billion, exceeding market expectations of $31.23 billion, with a gross margin projected between 59% and 61% [3] - The company anticipates a revenue growth of approximately 30% for the year 2025 [3] Management Insights - TSMC's CEO emphasized the strong and increasing demand for AI, noting that the company will continue to invest to support customer growth [4] - The company is working to close the supply-demand gap for advanced packaging and plans to ramp up capacity for 2nm process production later this quarter [4] - TSMC is accelerating capacity expansion at its Arizona facility and preparing to upgrade technology for advanced processes [4] Capital Expenditure - TSMC raised its capital expenditure guidance for the year, with $29.39 billion spent in the first nine months, and plans to allocate $40 billion to $42 billion for 2025, up from a previous range of $38 billion to $42 billion [5][6] - Approximately 70% of capital expenditure will be directed towards advanced processes, with 10% to 20% allocated for advanced packaging, testing, and manufacturing [6] Market Dynamics - TSMC's management addressed inquiries regarding data center construction costs, indicating that building a 1GW data center requires an investment of around $50 billion [6] - The company supports various chip types, including GPUs and ASICs, which utilize TSMC's advanced technologies [6]

Core Insights - TSMC reported a record net profit of NT$398.3 billion in Q2, driven by surging AI demand [1][2][6] - The net profit increased by nearly 61% year-on-year, exceeding market expectations of NT$376.4 billion [2][6] - Following the earnings announcement, TSMC's stock rose by 2.9% in after-hours trading, reaching US$244.5 [3] Financial Performance - TSMC's Q2 revenue was NT$933.79 billion, a year-on-year increase of 38.6%, surpassing analyst expectations of NT$931.24 billion [5][8] - The diluted earnings per share (EPS) for the quarter was NT$15.36 [7] - Gross margin stood at 58.6%, while operating margin was 49.6% [8] Segment Performance - Revenue from high-performance computing (HPC) related to AI accounted for 60% of total revenue, with a quarter-on-quarter growth of 14% [11] - Mobile chip revenue represented 27% of total revenue, increasing by 7% quarter-on-quarter [11] - Revenue from IoT chips and automotive chips each accounted for 5% of total revenue, with IoT chips growing by 14% [11] Future Guidance - TSMC expects Q3 sales to be between US$31.8 billion and US$33 billion, with an operating margin forecast of 45.5% to 47.5% [14] - The company anticipates full-year capital expenditures to reach between US$38 billion and US$42 billion [14] Market Dynamics - The growth of TSMC is primarily driven by strong demand for AI-related chips, particularly those with process nodes smaller than 7nm, which accounted for 74% of total wafer revenue [14] - The AI demand is expected to remain sustainable in the short term as the technology continues to expand across various industries [14] - However, TSMC may face challenges in the second half of the year due to the appreciation of the New Taiwan Dollar and potential declines in orders from smartphone and PC customers [14]