<p>作为半导体股票的热心追随者，我对台湾半导体制造公司（TSMC）最近的势头感到非常兴奋。该股票已经明确突破了其关键的 50 周移动平均线——这是一个不容忽视的技术里程碑。</p>
<p>然而，我的乐观情绪远不止于图表模式。TSMC 是人工智能革命的核心力量，在推动下一代技术方面发挥着至关重要的作用。该公司正在积极扩展其全球足迹，计划在欧洲、美国以及最引人注目的阿拉伯联合酋长国建立主要设施。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-76.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-76.png"/></p>
<p>对于那些认识到技术领导力战略重要性的投资者来说，TSMC 远不止是另一家芯片制造商——它是全球经济和国家安全的基石。</p>
<h2><strong>可靠的财务表现吸引进一步投资</strong></h2>
<p>从财务角度来看，TSMC 在 2025 财年的表现可谓非凡。在第一季度，收入同比激增 35%，达到约 255 亿美元。这一令人印象深刻的增长得益于高性能计算和汽车行业的强劲和及时需求，完全抵消了智能手机市场的暂时疲软。值得注意的是，TSMC 的尖端 3 纳米工艺已成为收入的重要贡献者，进一步凸显了该公司在先进半导体制造中的领导地位。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-77-1024x333.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-77-1024x333.png"/></p>
<p>尽管面临一些运营挑战，包括年初的地震，TSMC 仍保持了强劲的盈利能力。非公认会计原则（Non-GAAP）毛利率约为 59%，显著超出分析师的保守预期。管理层对近期前景仍持高度乐观态度，预计第二季度将实现 38% 的同比收入增长，迎来又一个强劲季度。</p>
<p>总的来说，这种快速增长与韧性盈利的强大结合表明，TSMC 远不止是一个周期性受益者。它是全球科技生态系统中的基础力量，建立了持久的竞争壁垒，牢牢确立了自己在半导体制造中的主导地位。</p>
<h2><strong>在关键全球市场的雄心勃勃的举措</strong></h2>
<p>我对 TSMC 大胆而迅速展开的全球扩张战略产生了浓厚的兴趣。该公司在亚利桑那州的 1000 亿美元投资不仅仅代表了制造足迹——它标志着美国在加强国内半导体韧性方面的决定性转变。虽然预计会面临如高昂的劳动力成本和项目延误等挑战，但长期战略价值是巨大的。这一举措巩固了 TSMC 作为西方基础技术合作伙伴的地位，并成为新兴美国半导体生态系统的核心支柱。</p>
<p>同样令人印象深刻的是 TSMC 在欧洲日益增长的影响力。它与博世、英飞凌（IFNNY）和 NXP 半导体（NXPI）在德国德累斯顿的合资企业，标志着重塑欧洲半导体供应链的变革性努力。项目总成本约为 100 亿欧元，其中一半由欧盟国家援助支持，合作旨在减少欧洲对外部来源的依赖，以获取先进芯片。这一举措不仅在战略上合理，而且增强了 TSMC 的全球韧性和影响力。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-78-1024x256.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-78-1024x256.png"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-79-1024x386.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-79-1024x386.png"/></p>
<p>或许最引人注目的发展是拟议中的阿拉伯联合酋长国 “巨型工厂”。据报道，TSMC 正在与阿布扎比的主权财富基金穆巴达拉进行讨论，如果达成协议，将标志着其在快速发展的中东科技雄心中的突破性扩张。尽管仍然是推测，但这一潜在合作关系可能会显著扩展 TSMC 的地缘政治影响力和战略足迹。</p>
<p>总的来说，TSMC 的全球举措反映了在复杂的地缘政治和经济环境中驾驭的远见卓识。这些举措不仅仅是扩大生产——它们是重新定义全球半导体地图，确保长期相关性，并巩固 TSMC 作为先进制造领域开拓者的地位。</p>
<h2><strong>技术势头提供巨大的回报潜力</strong></h2>
<p>从技术角度来看，TSMC 最近的价格走势代表了一种无可否认的引人注目的牛市模式，吸引了机构投资者的巨大关注。技术指标，如相对强弱指数（Relative Strength Index），在中 60 的水平，表明 TSMC 在变得超买之前还有很大的上涨空间。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-80-1024x360.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-80-1024x360.png"/></p>
<p>事实上，即使是像凯西·伍德的 ARK 投资这样的重量级投资者最近也增加了对 TSMC 的持股。这为机构信心增添了另一个维度，值得零售投资者关注。对我而言，机构动态强烈表明 TSMC 将继续显著复合回报的原因。</p>
<h2><strong>TSMC 是买入还是卖出？</strong></h2>
<p>在华尔街，TSMC 股票获得了一致的_强烈买入_评级，支持这一评级的有七个买入评级、一个持有评级和零个卖出评级。TSMC 的平均股票价格目标为 219.43 美元，暗示在未来 12 个月内有 13% 的潜在上涨空间。就个人而言，我的看法更为乐观，我的价格目标接近 250 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-81-1024x767.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-81-1024x767.png"/></p>
<p><strong>查看更多 TSMC 分析师评级</strong></p>
<h2><strong>大胆投资带来最佳回报</strong></h2>
<p>总体而言，我对 TSMC 保持坚定的乐观态度。这项投资超越了财务数据——TSMC 是全球技术基础设施的基石。</p>
<p>对于那些能够评估机会与地缘政治风险之间平衡的人来说，台积电提供了一个罕见而引人注目的投资机会。考虑到公司在市场上的主导地位和长期增长潜力，我设定的 250 美元目标价不仅合理，而且触手可及。</p>

台积电

<p>台积电正在经历显著的增长，突破了其 50 周移动平均线，并在 2025 年第一季度实现了 35% 的收入增长，展现出强劲的财务表现。该公司正在全球范围内扩张，在美国、欧洲进行重大投资，并在阿联酋有潜在的发展，正将自己定位为半导体行业的关键参与者</p>

<p>As an avid follower of semiconductor stocks, I’m genuinely excited by the recent momentum in Taiwan Semiconductor Manufacturing Company (TSM), widely known as TSMC. The stock has decisively broken above its key 50-week moving average—a technical milestone that’s hard to overlook.</p>
<div class="lb-trans"><p>作为半导体股票的热心追随者，我对台湾半导体制造公司（TSMC）最近的势头感到非常兴奋。该股票已经明确突破了其关键的 50 周移动平均线——这是一个不容忽视的技术里程碑。</p>
</div><p>However, my optimism extends far beyond chart patterns. TSMC is a pivotal force at the heart of the AI revolution, playing a crucial role in powering next-generation technologies. The company is aggressively expanding its global footprint with major facilities planned across Europe, the U.S., and most intriguingly, the United Arab Emirates.</p>
<div class="lb-trans"><p>然而，我的乐观情绪远不止于图表模式。TSMC 是人工智能革命的核心力量，在推动下一代技术方面发挥着至关重要的作用。该公司正在积极扩展其全球足迹，计划在欧洲、美国以及最引人注目的阿拉伯联合酋长国建立主要设施。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-76.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/06/image-76.png"/></p>
<p>For investors who recognize the strategic significance of technological leadership, TSMC is far more than just another chipmaker—it’s a cornerstone of global economic and national security.</p>
<div class="lb-trans"><p>对于那些认识到技术领导力战略重要性的投资者来说，TSMC 远不止是另一家芯片制造商——它是全球经济和国家安全的基石。</p>
</div><h2><strong>Reliable Financial Performance Attracts Further Investment</strong></h2>
<div class="lb-trans"><h2><strong>可靠的财务表现吸引进一步投资</strong></h2>
</div><p>From a financial standpoint, TSMC’s performance in Fiscal 2025 has been nothing short of exceptional. In the first quarter alone, revenue surged by 35% year-over-year, reaching approximately $25.5 billion. This impressive growth has been fueled by strong and timely demand from high-performance computing and automotive sectors, more than offsetting temporary softness in the smartphone market. Notably, TSMC’s cutting-edge 3-nanometer process has become a meaningful contributor to revenue, further underscoring the company’s leadership in advanced semiconductor manufacturing.</p>
<div class="lb-trans"><p>从财务角度来看，TSMC 在 2025 财年的表现可谓非凡。在第一季度，收入同比激增 35%，达到约 255 亿美元。这一令人印象深刻的增长得益于高性能计算和汽车行业的强劲和及时需求，完全抵消了智能手机市场的暂时疲软。值得注意的是，TSMC 的尖端 3 纳米工艺已成为收入的重要贡献者，进一步凸显了该公司在先进半导体制造中的领导地位。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-77-1024x333.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/06/image-77-1024x333.png"/></p>
<p>Despite facing some operational headwinds, including an early-year earthquake, TSMC has maintained robust profitability. Non-GAAP gross margins came in at around 59%, significantly beating analysts’ subdued expectations. Management also remains highly optimistic about the near-term outlook, guiding for another strong quarter with an anticipated 38% year-over-year revenue increase in Q2.</p>
<div class="lb-trans"><p>尽管面临一些运营挑战，包括年初的地震，TSMC 仍保持了强劲的盈利能力。非公认会计原则（Non-GAAP）毛利率约为 59%，显著超出分析师的保守预期。管理层对近期前景仍持高度乐观态度，预计第二季度将实现 38% 的同比收入增长，迎来又一个强劲季度。</p>
</div><p>Altogether, this powerful blend of rapid growth and resilient profitability signals that TSMC is far more than a cyclical beneficiary. It is a foundational force in the global tech ecosystem, building lasting competitive moats and firmly establishing itself as the dominant player in semiconductor manufacturing.</p>
<div class="lb-trans"><p>总的来说，这种快速增长与韧性盈利的强大结合表明，TSMC 远不止是一个周期性受益者。它是全球科技生态系统中的基础力量，建立了持久的竞争壁垒，牢牢确立了自己在半导体制造中的主导地位。</p>
</div><h2><strong>Ambitious Moves in Critical Global Markets</strong></h2>
<div class="lb-trans"><h2><strong>在关键全球市场的雄心勃勃的举措</strong></h2>
</div><p>I’ve taken a deep interest in TSMC’s bold and rapidly unfolding global expansion strategy. The company’s landmark $100 billion investment in Arizona represents more than just a manufacturing footprint—it signals a decisive pivot by the U.S. toward strengthening domestic semiconductor resilience. While challenges such as elevated labor costs and project delays are to be expected, the long-term strategic value is substantial. This initiative cements TSMC as a foundational technology partner for the West and a central pillar of the emerging U.S. semiconductor ecosystem.</p>
<div class="lb-trans"><p>我对 TSMC 大胆而迅速展开的全球扩张战略产生了浓厚的兴趣。该公司在亚利桑那州的 1000 亿美元投资不仅仅代表了制造足迹——它标志着美国在加强国内半导体韧性方面的决定性转变。虽然预计会面临如高昂的劳动力成本和项目延误等挑战，但长期战略价值是巨大的。这一举措巩固了 TSMC 作为西方基础技术合作伙伴的地位，并成为新兴美国半导体生态系统的核心支柱。</p>
</div><p>Equally impressive is TSMC’s growing presence in Europe. Its joint venture in Dresden, Germany—alongside Bosch, Infineon (IFNNY), and NXP Semiconductors (NXPI)—marks a transformative effort to reshape the continent’s semiconductor supply chain. With a total project cost of approximately €10 billion, half of which is backed by EU state aid, the partnership aims to reduce Europe’s reliance on external sources for advanced chips. This move is not only strategically sound but also enhances TSMC’s global resilience and influence.</p>
<div class="lb-trans"><p>同样令人印象深刻的是 TSMC 在欧洲日益增长的影响力。它与博世、英飞凌（IFNNY）和 NXP 半导体（NXPI）在德国德累斯顿的合资企业，标志着重塑欧洲半导体供应链的变革性努力。项目总成本约为 100 亿欧元，其中一半由欧盟国家援助支持，合作旨在减少欧洲对外部来源的依赖，以获取先进芯片。这一举措不仅在战略上合理，而且增强了 TSMC 的全球韧性和影响力。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-78-1024x256.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/06/image-78-1024x256.png"/></p>
<p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-79-1024x386.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/06/image-79-1024x386.png"/></p>
<p>Perhaps the most intriguing development is the proposed “gigafab” in the United Arab Emirates. TSMC is reportedly in discussions with Abu Dhabi’s sovereign wealth fund, Mubadala, which, if finalized, would signal a breakthrough expansion into the rapidly evolving tech ambitions of the Middle East. Though still speculative, this potential partnership could significantly extend TSMC’s geopolitical reach and strategic footprint.</p>
<div class="lb-trans"><p>或许最引人注目的发展是拟议中的阿拉伯联合酋长国 “巨型工厂”。据报道，TSMC 正在与阿布扎比的主权财富基金穆巴达拉进行讨论，如果达成协议，将标志着其在快速发展的中东科技雄心中的突破性扩张。尽管仍然是推测，但这一潜在合作关系可能会显著扩展 TSMC 的地缘政治影响力和战略足迹。</p>
</div><p>Altogether, TSMC’s global initiatives reflect a visionary approach to navigating complex geopolitical and economic terrains. These moves aren’t just about scaling production—they’re about redefining the global semiconductor map, securing long-term relevance, and reinforcing TSMC’s status as a trailblazer in advanced manufacturing.</p>
<div class="lb-trans"><p>总的来说，TSMC 的全球举措反映了在复杂的地缘政治和经济环境中驾驭的远见卓识。这些举措不仅仅是扩大生产——它们是重新定义全球半导体地图，确保长期相关性，并巩固 TSMC 作为先进制造领域开拓者的地位。</p>
</div><h2><strong>Technical Momentum Provides Enormous Return Potential</strong></h2>
<div class="lb-trans"><h2><strong>技术势头提供巨大的回报潜力</strong></h2>
</div><p>Technically speaking, TSMC’s recent price action represents an undeniably eye-popping bull pattern, drawing tremendous interest from institutional investors. The technical indicators, such as the Relative Strength Index, down in the mid-60s, suggest that TSMC has plenty of room for continued gains before becoming overbought.</p>
<div class="lb-trans"><p>从技术角度来看，TSMC 最近的价格走势代表了一种无可否认的引人注目的牛市模式，吸引了机构投资者的巨大关注。技术指标，如相对强弱指数（Relative Strength Index），在中 60 的水平，表明 TSMC 在变得超买之前还有很大的上涨空间。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-80-1024x360.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/06/image-80-1024x360.png"/></p>
<p>In fact, even heavyweights such as Cathie Wood’s ARK Invest have recently increased their holdings in TSMC. This adds another dimension of institutional confidence that deserves the attention of retail investors. For me, the institutional dynamics tell a strong story about why TSMC will continue to compound returns impressively.</p>
<div class="lb-trans"><p>事实上，即使是像凯西·伍德的 ARK 投资这样的重量级投资者最近也增加了对 TSMC 的持股。这为机构信心增添了另一个维度，值得零售投资者关注。对我而言，机构动态强烈表明 TSMC 将继续显著复合回报的原因。</p>
</div><h2><strong>Is TSMC a Buy or Sell?</strong></h2>
<div class="lb-trans"><h2><strong>TSMC 是买入还是卖出？</strong></h2>
</div><p>On Wall Street, TSMC stock holds a consensus <em>Strong Buy</em> rating, supported by seven Buy ratings, one Hold, and zero Sells. TSMC’s average stock price target sits at $219.43, suggesting a potential upside of 13% over the next 12 months. Personally, I’m a bit more bullish, with my own price target closer to $250.</p>
<div class="lb-trans"><p>在华尔街，TSMC 股票获得了一致的_强烈买入_评级，支持这一评级的有七个买入评级、一个持有评级和零个卖出评级。TSMC 的平均股票价格目标为 219.43 美元，暗示在未来 12 个月内有 13% 的潜在上涨空间。就个人而言，我的看法更为乐观，我的价格目标接近 250 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://blog.tipranks.com/wp-content/uploads/2025/06/image-81-1024x767.png" alt="" original-src="https://blog.tipranks.com/wp-content/uploads/2025/06/image-81-1024x767.png"/></p>
<p><strong>See more TSMC analyst ratings</strong></p>
<div class="lb-trans"><p><strong>查看更多 TSMC 分析师评级</strong></p>
</div><h2><strong>Bold Investments Make the Best Returns</strong></h2>
<div class="lb-trans"><h2><strong>大胆投资带来最佳回报</strong></h2>
</div><p>Overall, I remain firmly bullish on TSMC. This investment goes beyond financials—TSMC is a cornerstone of the global technology infrastructure.</p>
<div class="lb-trans"><p>总体而言，我对 TSMC 保持坚定的乐观态度。这项投资超越了财务数据——TSMC 是全球技术基础设施的基石。</p>
</div><p>For those capable of evaluating the balance between opportunity and geopolitical exposure, TSMC presents a rare and compelling proposition. Given the company’s dominant market position and long-term growth potential, my $250 price target feels not only reasonable but well within reach.</p>
<div class="lb-trans"><p>对于那些能够评估机会与地缘政治风险之间平衡的人来说，台积电提供了一个罕见而引人注目的投资机会。考虑到公司在市场上的主导地位和长期增长潜力，我设定的 250 美元目标价不仅合理，而且触手可及。</p>
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TSMC Defies Gruesome Geopolitical Odds With Friends in High Places

- TSMC 股票突破 50 周移动平均线，显示出强劲的技术势头。  
- 第一季度营收同比增长 35%，达到约 255 亿美元，受高性能计算和汽车需求推动。  
- TSMC 在全球扩张中投资 1000 亿美元于亚利桑那州，增强美国半导体韧性。  

台积电凭借高层朋友的支持，逆转严峻的地缘政治挑战