TSMC's stock price surged, propelling its market capitalization to the forefront globally, primarily driven by strong market expectations for the continuous expansion of its advanced process capacities. It is anticipated that TSMC's monthly production capacity for the 3nm process will rise from 150,000 wafers to 180,000 wafers, marking an approximate 20% increase. Meanwhile, the 2nm process capacity is expected to reach 100,000 wafers per month by the end of 2026. With the explosive demand for AI computing power, TSMC is fully committed to expanding its production, yet the supply gap is projected to persist until 2027. On Monday, TSMC's stock price rose by 3%, hitting a record high, reflecting the market's keen attention to the supply and demand dynamics of advanced processes. TSMC CEO C.C. Wei stated that the company is investing funds to expand production and establish new capacities. Influenced by major clients renewing orders, the supply shortage situation will continue. Currently, the expansion of the 3nm process is in response to unexpectedly strong market demand growth, while the 2nm process is in the phase of capacity ramp-up, with orders for two 2nm wafer fabs already fully booked. Despite TSMC's full-scale production expansion, the supply nervous situation remains difficult to fundamentally alleviate, creating potential opportunities for other foundry service providers. For instance, Intel's foundry business has garnered market attention. Finally, a reminder that the market involves risks, and investment should be made with caution.