<p>作為半導體股票的熱心追隨者，我對台灣半導體制造公司（TSMC）最近的勢頭感到非常興奮。該股票已經明確突破了其關鍵的 50 周移動平均線——這是一個不容忽視的技術里程碑。</p>
<p>然而，我的樂觀情緒遠不止於圖表模式。TSMC 是人工智能革命的核心力量，在推動下一代技術方面發揮着至關重要的作用。該公司正在積極擴展其全球足跡，計劃在歐洲、美國以及最引人注目的阿拉伯聯合酋長國建立主要設施。</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>對於那些認識到技術領導力戰略重要性的投資者來説，TSMC 遠不止是另一家芯片製造商——它是全球經濟和國家安全的基石。</p>
<h2><strong>可靠的財務表現吸引進一步投資</strong></h2>
<p>從財務角度來看，TSMC 在 2025 財年的表現可謂非凡。在第一季度，收入同比激增 35%，達到約 255 億美元。這一令人印象深刻的增長得益於高性能計算和汽車行業的強勁和及時需求，完全抵消了智能手機市場的暫時疲軟。值得注意的是，TSMC 的尖端 3 納米工藝已成為收入的重要貢獻者，進一步凸顯了該公司在先進半導體制造中的領導地位。</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>儘管面臨一些運營挑戰，包括年初的地震，TSMC 仍保持了強勁的盈利能力。非公認會計原則（Non-GAAP）毛利率約為 59%，顯著超出分析師的保守預期。管理層對近期前景仍持高度樂觀態度，預計第二季度將實現 38% 的同比收入增長，迎來又一個強勁季度。</p>
<p>總的來説，這種快速增長與韌性盈利的強大結合表明，TSMC 遠不止是一個週期性受益者。它是全球科技生態系統中的基礎力量，建立了持久的競爭壁壘，牢牢確立了自己在半導體制造中的主導地位。</p>
<h2><strong>在關鍵全球市場的雄心勃勃的舉措</strong></h2>
<p>我對 TSMC 大膽而迅速展開的全球擴張戰略產生了濃厚的興趣。該公司在亞利桑那州的 1000 億美元投資不僅僅代表了製造足跡——它標誌着美國在加強國內半導體韌性方面的決定性轉變。雖然預計會面臨如高昂的勞動力成本和項目延誤等挑戰，但長期戰略價值是巨大的。這一舉措鞏固了 TSMC 作為西方基礎技術合作夥伴的地位，併成為新興美國半導體生態系統的核心支柱。</p>
<p>同樣令人印象深刻的是 TSMC 在歐洲日益增長的影響力。它與博世、英飛凌（IFNNY）和 NXP 半導體（NXPI）在德國德累斯頓的合資企業，標誌着重塑歐洲半導體供應鏈的變革性努力。項目總成本約為 100 億歐元，其中一半由歐盟國家援助支持，合作旨在減少歐洲對外部來源的依賴，以獲取先進芯片。這一舉措不僅在戰略上合理，而且增強了 TSMC 的全球韌性和影響力。</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>或許最引人注目的發展是擬議中的阿拉伯聯合酋長國 “巨型工廠”。據報道，TSMC 正在與阿布扎比的主權財富基金穆巴達拉進行討論，如果達成協議，將標誌着其在快速發展的中東科技雄心中的突破性擴張。儘管仍然是推測，但這一潛在合作關係可能會顯著擴展 TSMC 的地緣政治影響力和戰略足跡。</p>
<p>總的來説，TSMC 的全球舉措反映了在複雜的地緣政治和經濟環境中駕馭的遠見卓識。這些舉措不僅僅是擴大生產——它們是重新定義全球半導體地圖，確保長期相關性，並鞏固 TSMC 作為先進製造領域開拓者的地位。</p>
<h2><strong>技術勢頭提供巨大的回報潛力</strong></h2>
<p>從技術角度來看，TSMC 最近的價格走勢代表了一種無可否認的引人注目的牛市模式，吸引了機構投資者的巨大關注。技術指標，如相對強弱指數（Relative Strength Index），在中 60 的水平，表明 TSMC 在變得超買之前還有很大的上漲空間。</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>事實上，即使是像凱西·伍德的 ARK 投資這樣的重量級投資者最近也增加了對 TSMC 的持股。這為機構信心增添了另一個維度，值得零售投資者關注。對我而言，機構動態強烈表明 TSMC 將繼續顯著複合回報的原因。</p>
<h2><strong>TSMC 是買入還是賣出？</strong></h2>
<p>在華爾街，TSMC 股票獲得了一致的_強烈買入_評級，支持這一評級的有七個買入評級、一個持有評級和零個賣出評級。TSMC 的平均股票價格目標為 219.43 美元，暗示在未來 12 個月內有 13% 的潛在上漲空間。就個人而言，我的看法更為樂觀，我的價格目標接近 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 分析師評級</strong></p>
<h2><strong>大膽投資帶來最佳回報</strong></h2>
<p>總體而言，我對 TSMC 保持堅定的樂觀態度。這項投資超越了財務數據——TSMC 是全球技術基礎設施的基石。</p>
<p>對於那些能夠評估機會與地緣政治風險之間平衡的人來説，台積電提供了一個罕見而引人注目的投資機會。考慮到公司在市場上的主導地位和長期增長潛力，我設定的 250 美元目標價不僅合理，而且觸手可及。</p>

台積電

<p>台積電正在經歷顯著的增長，突破了其 50 周移動平均線，並在 2025 年第一季度實現了 35% 的收入增長，展現出強勁的財務表現。該公司正在全球範圍內擴張，在美國、歐洲進行重大投資，並在阿聯酋有潛在的發展，正將自己定位為半導體行業的關鍵參與者</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>作為半導體股票的熱心追隨者，我對台灣半導體制造公司（TSMC）最近的勢頭感到非常興奮。該股票已經明確突破了其關鍵的 50 周移動平均線——這是一個不容忽視的技術里程碑。</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，我的樂觀情緒遠不止於圖表模式。TSMC 是人工智能革命的核心力量，在推動下一代技術方面發揮着至關重要的作用。該公司正在積極擴展其全球足跡，計劃在歐洲、美國以及最引人注目的阿拉伯聯合酋長國建立主要設施。</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>對於那些認識到技術領導力戰略重要性的投資者來説，TSMC 遠不止是另一家芯片製造商——它是全球經濟和國家安全的基石。</p>
</div><h2><strong>Reliable Financial Performance Attracts Further Investment</strong></h2>
<div class="lb-trans"><h2><strong>可靠的財務表現吸引進一步投資</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>從財務角度來看，TSMC 在 2025 財年的表現可謂非凡。在第一季度，收入同比激增 35%，達到約 255 億美元。這一令人印象深刻的增長得益於高性能計算和汽車行業的強勁和及時需求，完全抵消了智能手機市場的暫時疲軟。值得注意的是，TSMC 的尖端 3 納米工藝已成為收入的重要貢獻者，進一步凸顯了該公司在先進半導體制造中的領導地位。</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>儘管面臨一些運營挑戰，包括年初的地震，TSMC 仍保持了強勁的盈利能力。非公認會計原則（Non-GAAP）毛利率約為 59%，顯著超出分析師的保守預期。管理層對近期前景仍持高度樂觀態度，預計第二季度將實現 38% 的同比收入增長，迎來又一個強勁季度。</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>總的來説，這種快速增長與韌性盈利的強大結合表明，TSMC 遠不止是一個週期性受益者。它是全球科技生態系統中的基礎力量，建立了持久的競爭壁壘，牢牢確立了自己在半導體制造中的主導地位。</p>
</div><h2><strong>Ambitious Moves in Critical Global Markets</strong></h2>
<div class="lb-trans"><h2><strong>在關鍵全球市場的雄心勃勃的舉措</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>我對 TSMC 大膽而迅速展開的全球擴張戰略產生了濃厚的興趣。該公司在亞利桑那州的 1000 億美元投資不僅僅代表了製造足跡——它標誌着美國在加強國內半導體韌性方面的決定性轉變。雖然預計會面臨如高昂的勞動力成本和項目延誤等挑戰，但長期戰略價值是巨大的。這一舉措鞏固了 TSMC 作為西方基礎技術合作夥伴的地位，併成為新興美國半導體生態系統的核心支柱。</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>同樣令人印象深刻的是 TSMC 在歐洲日益增長的影響力。它與博世、英飛凌（IFNNY）和 NXP 半導體（NXPI）在德國德累斯頓的合資企業，標誌着重塑歐洲半導體供應鏈的變革性努力。項目總成本約為 100 億歐元，其中一半由歐盟國家援助支持，合作旨在減少歐洲對外部來源的依賴，以獲取先進芯片。這一舉措不僅在戰略上合理，而且增強了 TSMC 的全球韌性和影響力。</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>或許最引人注目的發展是擬議中的阿拉伯聯合酋長國 “巨型工廠”。據報道，TSMC 正在與阿布扎比的主權財富基金穆巴達拉進行討論，如果達成協議，將標誌着其在快速發展的中東科技雄心中的突破性擴張。儘管仍然是推測，但這一潛在合作關係可能會顯著擴展 TSMC 的地緣政治影響力和戰略足跡。</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>總的來説，TSMC 的全球舉措反映了在複雜的地緣政治和經濟環境中駕馭的遠見卓識。這些舉措不僅僅是擴大生產——它們是重新定義全球半導體地圖，確保長期相關性，並鞏固 TSMC 作為先進製造領域開拓者的地位。</p>
</div><h2><strong>Technical Momentum Provides Enormous Return Potential</strong></h2>
<div class="lb-trans"><h2><strong>技術勢頭提供巨大的回報潛力</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>從技術角度來看，TSMC 最近的價格走勢代表了一種無可否認的引人注目的牛市模式，吸引了機構投資者的巨大關注。技術指標，如相對強弱指數（Relative Strength Index），在中 60 的水平，表明 TSMC 在變得超買之前還有很大的上漲空間。</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>事實上，即使是像凱西·伍德的 ARK 投資這樣的重量級投資者最近也增加了對 TSMC 的持股。這為機構信心增添了另一個維度，值得零售投資者關注。對我而言，機構動態強烈表明 TSMC 將繼續顯著複合回報的原因。</p>
</div><h2><strong>Is TSMC a Buy or Sell?</strong></h2>
<div class="lb-trans"><h2><strong>TSMC 是買入還是賣出？</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>在華爾街，TSMC 股票獲得了一致的_強烈買入_評級，支持這一評級的有七個買入評級、一個持有評級和零個賣出評級。TSMC 的平均股票價格目標為 219.43 美元，暗示在未來 12 個月內有 13% 的潛在上漲空間。就個人而言，我的看法更為樂觀，我的價格目標接近 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 分析師評級</strong></p>
</div><h2><strong>Bold Investments Make the Best Returns</strong></h2>
<div class="lb-trans"><h2><strong>大膽投資帶來最佳回報</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>總體而言，我對 TSMC 保持堅定的樂觀態度。這項投資超越了財務數據——TSMC 是全球技術基礎設施的基石。</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>對於那些能夠評估機會與地緣政治風險之間平衡的人來説，台積電提供了一個罕見而引人注目的投資機會。考慮到公司在市場上的主導地位和長期增長潛力，我設定的 250 美元目標價不僅合理，而且觸手可及。</p>
</div>

TSMC Defies Gruesome Geopolitical Odds With Friends in High Places

- TSMC 股票突破 50 周移動平均線，顯示出強勁的技術勢頭。  
- 第一季度營收同比增長 35%，達到約 255 億美元，受高性能計算和汽車需求推動。  
- TSMC 在全球擴張中投資 1000 億美元於亞利桑那州，增強美國半導體韌性。  

台積電憑藉高層朋友的支持，逆轉嚴峻的地緣政治挑戰