TSMC Raises 2025 Outlook on AI Demand, Plans $165B U.S. Investment

Earnings Call

Jul 17

TSMC's Q2 2025 earnings call highlights:
1. Q2 revenue increased 17.8% sequentially to $30.1 billion, exceeding guidance.
2. Full year 2025 revenue now expected to grow around 30% year-over-year in USD terms.
3. Strong AI and HPC-related demand continues, with no changes observed in customer behavior.
4. N2 (2nm) technology on track for production in H2 2025, with volume ramp similar to N3.
5. Plans to invest $165 billion in U.S. semiconductor manufacturing, including six fabs in Arizona.
6. Overseas fab expansion progressing in Japan and Europe, with continued investment in Taiwan.
7. Gross margin impacted by unfavorable exchange rates and overseas fab dilution, but long-term 53%+ target maintained.
8. Capital expenditure for 2025 maintained at $38-42 billion despite strong demand.
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Q2 revenue increased 17.8% sequentially to $30.1 billion, exceeding guidance.<br>2. Full year 2025 revenue now expected to grow around 30% year-over-year in USD terms.<br>3. Strong AI and HPC-related demand continues, with no changes observed in customer behavior.<br>4. N2 (2nm) technology on track for production in H2 2025, with volume ramp similar to N3.<br>5. Plans to invest $165 billion in U.S. semiconductor manufacturing, including six fabs in Arizona.<br>6. Overseas fab expansion progressing in Japan and Europe, with continued investment in Taiwan.<br>7. Gross margin impacted by unfavorable exchange rates and overseas fab dilution, but long-term 53%+ target maintained.<br>8. Capital expenditure for 2025 maintained at $38-42 billion despite strong demand.<br>Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.","source":null,"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>TSMC Raises 2025 Outlook on AI Demand, Plans $165B U.S. Investment</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\">\nTSMC Raises 2025 Outlook on AI Demand, Plans $165B U.S. Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1002722034\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Earnings Call </p>\n<p class=\"h-time\">2025-07-17 15:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<br>TSMC's Q2 2025 earnings call highlights:<br>1. Q2 revenue increased 17.8% sequentially to $30.1 billion, exceeding guidance.<br>2. Full year 2025 revenue now expected to grow around 30% year-over-year in USD terms.<br>3. Strong AI and HPC-related demand continues, with no changes observed in customer behavior.<br>4. N2 (2nm) technology on track for production in H2 2025, with volume ramp similar to N3.<br>5. Plans to invest $165 billion in U.S. semiconductor manufacturing, including six fabs in Arizona.<br>6. Overseas fab expansion progressing in Japan and Europe, with continued investment in Taiwan.<br>7. Gross margin impacted by unfavorable exchange rates and overseas fab dilution, but long-term 53%+ target maintained.<br>8. Capital expenditure for 2025 maintained at $38-42 billion despite strong demand.<br>Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSM","symbol_name":"台积电","start_time":0,"source_url":"","article_id":"1147885740","we_media_id":"1002722034","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147885740","pubTimestamp":1752735898,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Earnings Call","introduction":"real-time reporting","home_visible":1,"id":"1002722034","head_image":"https://community-static.tradeup.com/news/decf3d8a922fc5c1c1d787bf8b36173f"},"summary":"TSMC's Q2 2025 earnings call highlights:1. Q2 revenue increased 17.8% sequentially to $30.1 billion, exceeding guidance.2. Full year 2025 revenue now expected to grow around 30% year-over-year in USD...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSM":"台积电"},"translate_title":"台积电上调2025年人工智能需求展望，计划在美国投资1650亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSM":1},"content_text":"TSMC's Q2 2025 earnings call highlights:1. Q2 revenue increased 17.8% sequentially to $30.1 billion, exceeding guidance.2. Full year 2025 revenue now expected to grow around 30% year-over-year in USD terms.3. Strong AI and HPC-related demand continues, with no changes observed in customer behavior.4. N2 (2nm) technology on track for production in H2 2025, with volume ramp similar to N3.5. Plans to invest $165 billion in U.S. semiconductor manufacturing, including six fabs in Arizona.6. Overseas fab expansion progressing in Japan and Europe, with continued investment in Taiwan.7. Gross margin impacted by unfavorable exchange rates and overseas fab dilution, but long-term 53%+ target maintained.8. Capital expenditure for 2025 maintained at $38-42 billion despite strong demand.Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"earningsCall","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}