台积电乘势人工智能浪潮，2022 年第四季度营收增长 39%

台积电 (TSMC) 是全球领先的先进芯片制造商，也是 Nvidia 公司和苹果公司等科技巨头的主要供应商，其 10 月至 12 月季度收入显着增长 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.

全球最大的先进芯片制造商台积电 (TSMC) 公布 10 月至 12 月季度收入强劲增长 39%，这主要归功于人工智能 (AI) 芯片需求的蓬勃发展。

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

业绩斐然，营收达到新台币 8,685 亿元（合 263 亿美元），也超出了市场预期的 8,547 亿元新台币。

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.

台积电是英伟达、苹果等科技巨头的主要供应商，其业绩与人工智能行业的健康状况密切相关。

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

随着对高性能芯片的需求激增，Alphabet Inc. 和 Microsoft Corp. 等主要参与者正在数据中心升级方面进行大量投资。

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

例如，微软最近宣布计划在本财年拨款 800 亿美元用于数据中心扩建。

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.

人工智能驱动的需求激增也帮助推动了台积电的市值，在美国一度突破了 1 万亿美元大关。

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

人工智能服务器制造商鸿海精密工业有限公司的销售额也强于预期，反映出该行业更广泛的势头。

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，分析师正在密切关注人工智能芯片市场产能过剩的可能性，以及电力基础设施的瓶颈以及缺乏能够充分利用扩大的服务器容量的变革性人工智能应用程序。

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，地缘政治紧张局势和科技市场的不确定性可能会使台积电 2025 年的前景变得复杂，特别是考虑到该公司严重依赖美国的先进芯片制造设备。

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

据 Bloomberg Intelligence 称，台积电的毛利率预计将扩大至两年高点 58%。

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

以下是该报告中的一些关键财务和战略见解：

- 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.

- 苹果依赖和中美紧张关系：作为苹果 iPhone 的主要芯片供应商，台积电与其最大客户的命运密切相关。

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

随着iPhone需求疲软，苹果希望整合人工智能功能将有助于提高其旗舰产品的销量。

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.

与此同时，考虑到英伟达作为主要客户的重要性，美国对英伟达先进芯片对中国的出口限制对台积电的长期增长构成了潜在风险。

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

- 雄心勃勃的全球扩张：台积电正在计划积极的国际扩张，到 2025 年资本支出将从目前的 300 亿美元增加。

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.

该公司正在日本、德国和美国建设新工厂，同时还在欧洲探索更多设施，以满足对人工智能芯片不断增长的需求。

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

这种快速扩张凸显了台积电在地缘政治和市场不确定性的情况下保持其在半导体行业主导地位的战略。