<p><strong>台积电</strong>(TSM 3.74%) 到目前为止在 2025 年表现出色，今年上涨近 50%。然而，我仍然认为这只股票在今年年底和 2026 年还有更大的上涨空间。</p>
<p>我有三个理由说明台积电的股票是一个绝佳的买入机会，投资者现在采取行动，在市场其他人之前抢购股票是明智的选择。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUzNTcvcGVyc29uLWhvbGRpbmctYS1taWNyb2NoaXAuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="467" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUzNTcvcGVyc29uLWhvbGRpbmctYS1taWNyb2NoaXAuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 芯片需求增加</h2>
<p>台积电最大的客户之一是 <strong>英伟达</strong>。台积电为其客户制造芯片，因为他们自己没有能力生产。因此，当像英伟达这样的客户谈论巨大的增长时，台积电将受益。</p>
<p>在英伟达的第二季度电话会议上，英伟达管理层指出，他们预计全球数据中心资本支出将从 2025 年的 6000 亿美元增长到 2030 年的 3 万亿到 4 万亿美元。这是巨大的增长，如果实现，将为台积电带来巨大的增长。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/933abcf85c64ea4069b88d97aa9825b4.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="441" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/933abcf85c64ea4069b88d97aa9825b4.png"/></p>
<p>TSM 收入（TTM）数据来自 YCharts</p>
<p>这并不是唯一一个使台积电受益的趋势。</p>
<p>如果你看看其他有前景的技术，如自动驾驶、量子计算和类人机器人，所有这些技术都需要先进的芯片，这些芯片很可能来自台积电。</p>
<p>对台积电的投资是一个赌注，赌我们将使用更多更先进的芯片，数量也会增加，这在我看来是一个显而易见的预测。因此，仅凭需求，台积电似乎就是一个绝佳的买入机会。</p>
<h2>2. 台积电在美国设施上投资巨额资金</h2>
<p>台积电还在其基地岛之外扩展，在包括美国在内的多个国家建立设施。虽然有人可能将美国的关税政策视为原因，但投资者应该为这一扩展欢呼。投资台积电的最大风险之一是对大陆中国接管的恐惧。这将导致股价下跌，但如果台积电在世界其他地方有设施，这将减轻冲击。</p>
<p>台积电在美国的新芯片设施上投资了 1650 亿美元，如果公司发现自己没有建立足够的产能来满足美国需求，这可能只是个开始。在其现有的美国设施中，台积电据报道已经售罄了 2027 年的芯片产能，因此对美国生产的芯片有明显的需求。</p>
<p>增加美国的生产对美国公司和台积电都是好事，我认为这使其成为一个引人注目的投资股票。</p>
<h2>3. 台积电始终在创新</h2>
<p>台积电成为顶级芯片代工厂的原因之一是其持续改进和创新的文化。尽管台积电拥有领先的 3nm（纳米）芯片节点，但它正在开发具有令人印象深刻特性的更先进的芯片节点。今年，台积电计划推出其 2nm 芯片。</p>
<p>这个芯片节点有一个令人印象深刻的改进：当配置为与 3nm 芯片以相同速度运行时，它将消耗 25% 到 30% 更少的电力。随着数据中心能源消耗变得越来越重要，这一创新将推动客户升级其芯片技术以实现节能。台积电并没有止步于此。明年，它计划发布其 A16 芯片节点，该节点将在新 2nm 节点的基础上提供 15% 到 20% 的功耗改进。</p>
<p>台积电始终致力于开发最先进的技术，而不满足于现状，这是它成为最受欢迎的半导体代工厂之一的原因之一。我认为这也使其成为一个强劲的买入机会，因为先进的芯片将比其前身更昂贵，从而推动台积电的收入和利润增长。</p>

台积电

半导体 3 倍做多 - Direxion

<p>台积电（TSM）在 2025 年的股值几乎增长了 50%，预计将进一步增长。投资的主要原因包括受客户如 Nvidia 推动的芯片需求上升、在美国设施的重大投资以降低风险，以及在芯片技术上的持续创新，包括即将推出的 2nm 芯片，提供能效改进。这些因素使台积电成为希望利用不断增长的半导体市场的投资者的强劲买入选择</p>

<p><strong>Taiwan Semiconductor</strong>(TSM 3.74%) has had an excellent 2025 so far, up nearly 50% this year. However, I still think the stock has more room to run through the end of this year and into 2026.</p>
<div class="lb-trans"><p><strong>台积电</strong>(TSM 3.74%) 到目前为止在 2025 年表现出色，今年上涨近 50%。然而，我仍然认为这只股票在今年年底和 2026 年还有更大的上涨空间。</p>
</div><p>I've got three reasons why Taiwan Semiconductor's stock is an excellent buy, and investors would be wise to take action now and scoop up shares before the rest of the market does.</p>
<div class="lb-trans"><p>我有三个理由说明台积电的股票是一个绝佳的买入机会，投资者现在采取行动，在市场其他人之前抢购股票是明智的选择。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzUzNTcvcGVyc29uLWhvbGRpbmctYS1taWNyb2NoaXAuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F835357%2Fperson-holding-a-microchip.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. Increasing chip demand</h2>
<div class="lb-trans"><h2>1. 芯片需求增加</h2>
</div><p>One of Taiwan Semiconductor's largest clients is <strong>Nvidia</strong>. Taiwan Semiconductor manufactures chips for its clients because they don't have the ability to do it themselves. So, when a client like Nvidia talks about massive growth, it will benefit TSMC.</p>
<div class="lb-trans"><p>台积电最大的客户之一是 <strong>英伟达</strong>。台积电为其客户制造芯片，因为他们自己没有能力生产。因此，当像英伟达这样的客户谈论巨大的增长时，台积电将受益。</p>
</div><p>During Nvidia's Q2 conference call, Nvidia's management noted that they expect global data center capital expenditures to rise from $600 billion in 2025 to $3 trillion to $4 trillion by 2030. That's monster growth, and if it pans out, it translates into massive growth for Taiwan Semiconductor.</p>
<div class="lb-trans"><p>在英伟达的第二季度电话会议上，英伟达管理层指出，他们预计全球数据中心资本支出将从 2025 年的 6000 亿美元增长到 2030 年的 3 万亿到 4 万亿美元。这是巨大的增长，如果实现，将为台积电带来巨大的增长。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/933abcf85c64ea4069b88d97aa9825b4.png" alt="" original-src="https://media.ycharts.com/charts/933abcf85c64ea4069b88d97aa9825b4.png"/></p>
<p>TSM Revenue (TTM) data by YCharts</p>
<div class="lb-trans"><p>TSM 收入（TTM）数据来自 YCharts</p>
</div><p>That's not the only trend that's benefiting Taiwan Semiconductor.</p>
<div class="lb-trans"><p>这并不是唯一一个使台积电受益的趋势。</p>
</div><p>If you look at other promising technologies, like autonomous driving, quantum computing, and humanoid robots, all of those technologies require advanced chips, which are likely sourced from Taiwan Semiconductor.</p>
<div class="lb-trans"><p>如果你看看其他有前景的技术，如自动驾驶、量子计算和类人机器人，所有这些技术都需要先进的芯片，这些芯片很可能来自台积电。</p>
</div><p>An investment in Taiwan Semiconductor is a bet that we're going to use more advanced chips in greater quantities, which seems like a no-brainer prediction to me. As a result, Taiwan Semiconductor appears to be a genius buy based on demand alone.</p>
<div class="lb-trans"><p>对台积电的投资是一个赌注，赌我们将使用更多更先进的芯片，数量也会增加，这在我看来是一个显而易见的预测。因此，仅凭需求，台积电似乎就是一个绝佳的买入机会。</p>
</div><h2>2. Taiwan Semiconductor is investing a ton of money in its U.S. facilities</h2>
<div class="lb-trans"><h2>2. 台积电在美国设施上投资巨额资金</h2>
</div><p>Taiwan Semiconductor is also expanding outside of its base island to stand up facilities in multiple other countries, including the U.S. While some may point to U.S. tariff policies as the reason, investors should be cheering on this expansion. One of the biggest risks in investing in Taiwan Semiconductor is the fear of a mainland China takeover. This would sink the stock price, but if Taiwan Semiconductor had facilities in other parts of the world, it would soften the blow.</p>
<div class="lb-trans"><p>台积电还在其基地岛之外扩展，在包括美国在内的多个国家建立设施。虽然有人可能将美国的关税政策视为原因，但投资者应该为这一扩展欢呼。投资台积电的最大风险之一是对大陆中国接管的恐惧。这将导致股价下跌，但如果台积电在世界其他地方有设施，这将减轻冲击。</p>
</div><p>Taiwan Semiconductor has invested $165 billion in new chip facilities in the U.S., and that could be just the beginning if the company finds out that it hasn't built out enough capacity to satisfy U.S. demand. At its existing U.S. facility, Taiwan Semiconductor had reportedly sold out chip capacity through 2027, so there's clear demand for U.S.-produced chips.</p>
<div class="lb-trans"><p>台积电在美国的新芯片设施上投资了 1650 亿美元，如果公司发现自己没有建立足够的产能来满足美国需求，这可能只是个开始。在其现有的美国设施中，台积电据报道已经售罄了 2027 年的芯片产能，因此对美国生产的芯片有明显的需求。</p>
</div><p>Increased U.S. production is a good thing for U.S. companies and Taiwan Semiconductor alike, and I think it makes it a compelling stock to invest in.</p>
<div class="lb-trans"><p>增加美国的生产对美国公司和台积电都是好事，我认为这使其成为一个引人注目的投资股票。</p>
</div><h2>3. Taiwan Semiconductor is always innovating</h2>
<div class="lb-trans"><h2>3. 台积电始终在创新</h2>
</div><p>One of the reasons why Taiwan Semiconductor has become the top chip foundry is its culture of continuous improvement and innovation. Although TSMC has leading 3nm (nanometer) chip nodes, it's developing more advanced ones with impressive feature sets. This year, Taiwan Semiconductor is slated to launch its 2nm chip.</p>
<div class="lb-trans"><p>台积电成为顶级芯片代工厂的原因之一是其持续改进和创新的文化。尽管台积电拥有领先的 3nm（纳米）芯片节点，但它正在开发具有令人印象深刻特性的更先进的芯片节点。今年，台积电计划推出其 2nm 芯片。</p>
</div><p>This chip node has an impressive improvement: When configured to run at the same speed as a 3nm chip, it will consume 25% to 30% less power. With how big of a deal data center energy consumption is becoming, this innovation will drive clients to upgrade their chip technology to realize energy savings. Taiwan Semiconductor isn't stopping there, either. Next year, it plans to release its A16 chip node, which will provide a 15% to 20% power consumption improvement over the new 2nm node.</p>
<div class="lb-trans"><p>这个芯片节点有一个令人印象深刻的改进：当配置为与 3nm 芯片以相同速度运行时，它将消耗 25% 到 30% 更少的电力。随着数据中心能源消耗变得越来越重要，这一创新将推动客户升级其芯片技术以实现节能。台积电并没有止步于此。明年，它计划发布其 A16 芯片节点，该节点将在新 2nm 节点的基础上提供 15% 到 20% 的功耗改进。</p>
</div><p>Taiwan Semiconductor's commitment to always developing the most advanced technology possible and not resting on its laurels is one of the reasons it has become the most popular semiconductor foundry to partner with. I think this also makes it a strong buy, as advanced chips will cost more than their predecessors, boosting Taiwan Semi's revenue and profits along the way.</p>
<div class="lb-trans"><p>台积电始终致力于开发最先进的技术，而不满足于现状，这是它成为最受欢迎的半导体代工厂之一的原因之一。我认为这也使其成为一个强劲的买入机会，因为先进的芯片将比其前身更昂贵，从而推动台积电的收入和利润增长。</p>
</div>

3 Reasons You'll Regret Not Buying Taiwan Semiconductor Stock Before 2025 Is Over

- 台湾半导体（TSMC）2025 年表现优异，股价上涨近 50%。  
- 需求增长、美国投资及持续创新是其股票的三大买入理由。  
- TSMC 在美国投资 1650 亿美元，满足日益增长的芯片需求。

3 个理由让你在 2025 年结束前没有购买台积电股票而感到后悔