亚洲半导体洞察 2025：首日台湾半导体与华虹要点

ab 27 May 2025 Global Research First Read Asia Semiconductor Insight AIC 2025: Day 1 takeaways for Taiwan semis & Hua Hong TSMC: healthy Cloud AI outlook; manageable GM impact from overseas expansions and NTD appreciation. On Cloud AI, TSMC is on track to double its annual CoWoS capacity in 2025. The improving supply vs demand in CoWoS is a result of TSMC trying to build more capacity to serve the robust demand, while the overall demand outlook remains steady in our view. As for the US expansion, TSMC has g ...