台积电CoWos产能扩张计划：2026年月产目标12.5万片，客户排产情况更新

AI产业链研究

2025/12/04

今天我们来看一下大摩 12 月 1 日发布的台积电 CoWoS 产能预测及具体客户分配情况。之前大摩曾预测，台积电 2026 年 CoWoS 产能或扩张 20%-30%；当前大摩预计，台积电 2026 年 CoWoS 产能将达到 12.5 万片 / 月，较 2025 年底预计的 7 万片 / 月增长 79%。新增产能将主要分配给 NVIDIA 和 Broadcom，MediaTek 也将获得部分...

网页链接

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2589831600"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2589831600\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2589831600?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":false,"pubTime":"2025-12-04 21:54","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2589831600","market":"us","top_or_hot":-1,"title":"台积电CoWos产能扩张计划：2026年月产目标12.5万片，客户排产情况更新","media":"AI产业链研究","content":"<div>\n<p>今天我们来看一下大摩 12 月 1 日发布的台积电 CoWoS 产能预测及具体客户分配情况。之前大摩曾预测，台积电 2026 年 CoWoS 产能或扩张 20%-30%；当前大摩预计，台积电 2026 年 CoWoS 产能将达到 12.5 万片 / 月，较 2025 年底预计的 7 万片 / 月增长 79%。新增产能将主要分配给 NVIDIA 和 Broadcom，MediaTek 也将获得部分...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251205020112a4cd191e&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>台积电CoWos产能扩张计划：2026年月产目标12.5万片，客户排产情况更新</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n台积电CoWos产能扩张计划：2026年月产目标12.5万片，客户排产情况更新\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-12-04 21:54 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251205020112a4cd191e&s=b><strong>AI产业链研究</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>今天我们来看一下大摩 12 月 1 日发布的台积电 CoWoS 产能预测及具体客户分配情况。之前大摩曾预测，台积电 2026 年 CoWoS 产能或扩张 20%-30%；当前大摩预计，台积电 2026 年 CoWoS 产能将达到 12.5 万片 / 月，较 2025 年底预计的 7 万片 / 月增长 79%。新增产能将主要分配给 NVIDIA 和 Broadcom，MediaTek 也将获得部分...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251205020112a4cd191e&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2211815571.USD","symbol_name":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251205020112a4cd191e&s=b","article_id":"2589831600","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251205020112a4cd191e&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2589831600","pubTimestamp":1764856462,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"今天我们来看一下大摩 12 月 1 日发布的台积电 CoWoS 产能预测及具体客户分配情况。之前大摩曾预测，台积电 2026 年 CoWoS 产能或扩张 20%-30%；当前大摩预计，台积电 2026 年 CoWoS 产能将达到 12.5 万片 / 月，较 2025 年底预计的 7 万片 / 月增长 79%。同时，受 Spectrum 相关需求驱动，NVIDIA 的 CoWoS-S 产能将增加约 5000 片。此外，MediaTek 正获得台积电及非台积电供应链的更多支持，其 CoWoS-S 订单将从 1 万片增至 2 万片。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","03145":"华夏亚洲高息股","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0861579265.USD":"联博低波幅策略股票基金A","LU0823414478.USD":"法巴经典能源转换基金","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","TSM":"台积电","BK4554":"元宇宙及AR概念","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","BK4602":"量子计算概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4612":"AI芯片","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","BK4550":"红杉资本持仓","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","BK4605":"半导体精选","BK4548":"巴美列捷福持仓","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC"},"translate_title":"TSMC's CoWos production capacity expansion plan: monthly production target of 125,000 pieces in 2026, customer production schedule update","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03145":0.6,"TSM":1.5},"content_text":"今天我们来看一下大摩 12 月 1 日发布的台积电 CoWoS 产能预测及具体客户分配情况。之前大摩曾预测，台积电 2026 年 CoWoS 产能或扩张 20%-30%；当前大摩预计，台积电 2026 年 CoWoS 产能将达到 12.5 万片 / 月，较 2025 年底预计的 7 万片 / 月增长 79%。新增产能将主要分配给 NVIDIA 和 Broadcom，MediaTek 也将获得部分配额。不过，由于 Meta 的 ASIC 产品需要进行部分设计调整，相关产能规划有所延后。具体来看，NVIDIA 的 CoWoS-L 产能预测将从 59 万片上调至 70 万片，这与大摩对 NVIDIA 的最新展望一致 —— 大摩预计 NVIDIA 到 2026 年底将达成 5000 亿美元 AI GPU 营收指引。同时，受 Spectrum 相关需求驱动，NVIDIA 的 CoWoS-S 产能将增加约 5000 片。对于 Broadcom，由于 Meta 的 ASIC 产品需进行设计调整，其 CoWoS-L 订单将减少 2 万片；但得益于 Google TPU 需求持续增长，Broadcom 的 CoWoS-S 订单将从 15.5 万片增至 20 万片，整体 CoWoS 订单量从 21 万片提升至 23 万片。此外，MediaTek 正获得台积电及非台积电供应链的更多支持，其 CoWoS-S 订单将从 1 万片增至 2 万片。AMD 方面预计，2025-2030 年数据中心 CPU 需求的复合年增长率（CAGR）将达 18%。在近期举办的财务分析师日上，AMD 表示，AI 产业爆发将推动 CPU 需求在 2030 年前新增 300 亿美元营收。2026 年，AMD 通用服务器相关需求仍将保持强劲；大摩预测，AMD 在日月光 / 硅品（ASE/SPIL）的 CoWoS-L 需求将增加约 1.5 万片，总需求量达到 4 万片。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}