TSMC: N2 Entered High Volume Manufacturing In Q4 2025

Jan 15 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd 2330.TW:

• TSMC: EXPECTS Q1 REVENUE OF $34.6-35.8 BILLION (VERSUS Q1 2025 REVENUE $25.53 BILLION)

• TSMC: EXPECTS Q1 GROSS MARGIN 63-65% (Q4 62.3%)

• TSMC: EXPECTS Q1 OPERATING MARGIN 54-56% (Q4 54.0%)

• TSMC: THIS YEAR, WE EXPECT UTILIZATION RATE TO MODERATELY INCREASE

• TSMC: FOREX MAY BE A FACTOR FOR US THIS YEAR

• TSMC: SEES 2026 CAPEX AT $52-56 BILLION (VERSUS 2025 CAPEX OF $40.9 BILLION)

• TSMC: THE COST OF TOOLS ARE BECOMING MORE EXPENSIVE

• TSMC: CAPEX TO BE HIGHER IN THE NEXT THREE YEARS

• TSMC: LONG TERN GROSS MARGINS OF 56% AND HIGHER IS ACHIEVABLE

• TSMC: IN 2026 THERE ARE UNCERTAINTIES FROM TARIFFS

• TSMC: WILL BE PRUDENT IN OUR BUSINESS PLANNING

• TSMC: ROBUST AI RELATED DEMAND

• TSMC: EXPECTS 2026 REVENUE TO INCREASE CLOSE TO 30% IN U.S. DOLLAR TERMS

• TSMC: INCREASING AI MODEL ADOPTION

• TSMC: CUSTOMERS ARE PROVIDING STRONG SIGNALS AND REACHING OUT DIRECTLY TO REQUEST CAPACITY

• TSMC: PREPARING TO INCREASE OUR CAPACITY TO SUPPORT CUSTOMERS

• TSMC: OVERSEAS DECISIONS BASED ON CUSTOMER NEEDS

• TSMC: WE ARE SPEEDING UP CAPACITY EXPANSION IN ARIZONA

• TSMC: CONSTRUCTION OF ARIZONA P2 FAB COMPLETE AND TOOL MOVE IN EXPECTED IN 2026

• TSMC: WE COMPELETED PURCHASE OF A SECOND PIECE OF LAND NEARBY IN ARIZONA

• TSMC: JAPAN SECOND FAB CONSTRUCTION HAS STARTED

• TSMC: IN GERMANY FAB CONSTRUCTION IS PROGRESSING

• TSMC: IN TAIWAN, PREPARING MULTIPLE PHASES OF N2 FABS

• TSMC: CONTINUE TO INVEST IN TAIWAN

• TSMC: N2 ENTERED HIGH VOLUME MANUFACTURING IN Q4 2025

Source text: [ID:]