台積電乘勢人工智慧浪潮，2022 年第四季營收成長 39%

台積電 (TSMC) 是全球領先的先進晶片製造商，也是 Nvidia Corp. 和 Apple Inc. 等科技巨頭的主要供應商，其 10 月至 12 月季度收入顯著增長 39%

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest advanced chipmaker, has reported a strong 39% increase in revenue for the October-December quarter, thanks largely to booming demand for artificial intelligence (AI) chips.

全球最大的先進晶片製造商台積電 (TSMC) 公佈 10 月至 12 月季度收入強勁增長 39%，這主要歸功於人工智慧 (AI) 晶片需求的蓬勃發展。

The remarkable performance, which saw revenue reach NT$868.5 billion ($26.3 billion), also exceeded market estimates of NT$854.7 billion.

業績斐然，營收達到新台幣 8,685 億元（合 263 億美元），也超出了市場預期的 8,547 億元新台幣。

TSMC is a key supplier to tech giants like Nvidia Corp. and Apple Inc., and its performance is closely tied to the health of the AI industry.

台積電是英偉達、蘋果等科技巨頭的主要供應商，其業績與人工智慧產業的健康狀況密切相關。

As demand for high-performance chips surges, major players like Alphabet Inc. and Microsoft Corp. are making significant investments in datacenter upgrades.

隨著對高效能晶片的需求激增，Alphabet Inc. 和 Microsoft Corp. 等主要參與者正在資料中心升級方面進行大量投資。

For instance, Microsoft recently announced plans to allocate $80 billion to datacenter expansion in the current fiscal year.

例如，微軟最近宣布計劃在本財年撥款 800 億美元用於資料中心擴建。

This surge in AI-driven demand has also helped propel TSMC's market value, which briefly crossed the $1 trillion mark in the United States.

人工智慧驅動的需求激增也幫助推動了台積電的市值，在美國一度突破了 1 兆美元大關。

AI server maker Hon Hai Precision Industry Co. has also reported stronger-than-expected sales, reflecting the broader momentum in the industry.

人工智慧伺服器製造商鴻海精密工業有限公司的銷售額也強於預期，反映出該產業更廣泛的勢頭。

However, analysts are keeping a close eye on the potential for overcapacity in the AI chip market, as well as bottlenecks in power infrastructure and the lack of a transformative AI application that can fully utilize expanded server capacities.

然而，分析師正在密切關注人工智慧晶片市場產能過剩的可能性，以及電力基礎設施的瓶頸以及缺乏能夠充分利用擴大的伺服器容量的變革性人工智慧應用程式。

Moreover, geopolitical tensions and uncertainties in the tech market could complicate TSMC's outlook in 2025, especially given the company's heavy reliance on the United States for advanced chipmaking equipment.

此外，地緣政治緊張局勢和科技市場的不確定性可能會使台積電 2025 年的前景變得複雜，特別是考慮到該公司嚴重依賴美國的先進晶片製造設備。

According to Bloomberg Intelligence, TSMC's gross margin is expected to expand to a two-year high of 58%.

據 Bloomberg Intelligence 稱，台積電的毛利率預計將擴大至兩年高點 58%。

Here are some key financial and strategic insights from the report:

以下是該報告中的一些關鍵財務和策略見解：

- Apple Dependency and US-China Tensions: As the primary chip supplier for Apple's iPhone, TSMC is closely linked to the fortunes of its largest customer.

- 蘋果依賴和中美緊張關係：作為蘋果 iPhone 的主要晶片供應商，台積電與其最大客戶的命運密切相關。

With demand for iPhones softening, Apple hopes that integrating AI features will help boost sales of its flagship product.

隨著iPhone需求疲軟，蘋果希望整合人工智慧功能將有助於提高其旗艦產品的銷售量。

At the same time, US export restrictions on Nvidia's advanced chips to China pose potential risks to TSMC's long-term growth, considering the importance of Nvidia as a key client.

同時，考慮到英偉達作為主要客戶的重要性，美國對英偉達先進晶片對中國的出口限制對台積電的長期成長構成了潛在風險。

- Ambitious Global Expansion: TSMC is planning an aggressive international expansion, with a capital expenditure increase in 2025 from the current $30 billion.

- 雄心勃勃的全球擴張：台積電正在計劃積極的國際擴張，到 2025 年資本支出將從目前的 300 億美元增加。

The company is constructing new fabs in Japan, Germany, and the United States, while also exploring additional facilities in Europe to meet the growing demand for AI chips.

該公司正在日本、德國和美國建設新工廠，同時也在歐洲探索更多設施，以滿足對人工智慧晶片不斷增長的需求。

This rapid expansion highlights TSMC's strategy to maintain its dominant position in the semiconductor industry, despite geopolitical and market uncertainties.

這種快速擴張凸顯了台積電在地緣政治和市場不確定性的情況下保持其在半導體產業主導地位的策略。