Core Viewpoint - The first quarter of the year is traditionally a slow season for foundries, but strong demand for artificial intelligence (AI) and a recovery in demand for display driver ICs are expected to lead to better-than-usual performance for major foundries like TSMC [1] Group 1: TSMC Performance - TSMC is projected to achieve a revenue of between $34.6 billion and $35.8 billion in Q1 2026, marking a historical high and a 4% quarter-over-quarter increase, driven by strong demand for advanced processes related to AI applications [1] - TSMC is expected to be one of the best-performing foundries in Q1 [1] Group 2: World Advanced Performance - World Advanced is experiencing strong shipments of server power management chips, with a recovery in demand for display driver ICs due to inventory replenishment in the TV and e-book markets, leading to a projected 1% to 3% quarter-over-quarter increase in wafer shipments for Q1 [1] - However, due to changes in product mix, the average selling price is expected to decline by approximately 3% to 5%, with Q1 revenue projected to be flat to down 4% compared to Q4 2025 [1] Group 3: UMC Performance - UMC is expected to maintain stable operations in Q1, with wafer shipments remaining flat and average selling prices holding steady, leading to a projected flat revenue performance, which is better than the typical seasonal decline of 8% to 9% [1] - Growth in UMC's 22nm process, driven by increased market share in smartphone image processors and AMOLED driver ICs, is anticipated to be a key driver of overall performance growth [1]