On the morning of April 16, Beijing time, TSMC is poised to set new performance records for four consecutive quarters, thanks to the driving force of AI demand. Market forecasts suggest that the company's net profit will experience an approximate 50% year-on-year increase in the first quarter of this year. The robust demand for 3-nanometer process technology and advanced packaging solutions has emerged as the key catalyst for performance growth. Currently, TSMC boasts a market capitalization of approximately $1.68 trillion, nearly double that of Samsung Electronics. Nineteen analysts have projected that TSMC's net profit for the first quarter will reach NT$543.3 billion. The company is set to unveil its performance outlook during its earnings conference, and if the actual profit surpasses NT$505.7 billion, it will represent the highest quarterly earnings in the company's history. Previously, TSMC's first-quarter revenue witnessed a 35% year-on-year increase. Although the situation in the Middle East may potentially impact the supply of key materials, analysts are confident in TSMC's ability to manage such challenges. The market is also keeping a close eye on its capital expenditure plans, with anticipated spending ranging between $52 billion and $56 billion this year. In terms of global expansion, TSMC is investing a substantial $165 billion in factory construction in the United States and is fine-tuning its strategy in Japan. Since the beginning of the year, TSMC's stock price has soared by 34%, outperforming the broader market.
