台积电报告9月季度盈利好于预期，尽管人们对长期AI建设的担忧日益加剧，但其增长仍保持高速。
Semiconductor Manufacturing Co. reported a better-than-expected profit for the September quarter, sustaining torrid growth despite rising concern about the long-term AI buildout.
这家全球芯片制造关键环节表示，净利润增长69%，达到7631亿新台币（236亿美元），高于分析师平均预期。此前该公司报告称，该季度销售额增长51%，同样超出预期，使其三个月营收达到470亿美元。
The global chipmaking linchpin said net income rose 69% to NT$763.1 billion ($23.6 billion), more than the average analyst estimate. That came after the company reported a sales jump of 51% in the period, also above expectations, taking its revenue across the three months to $47 billion.
作为英伟达公司和苹果公司最先进半导体的独家代工厂，台积电为日益负面的AI相关股票情绪提供了反例。在台积电下游，对投资回报和长期融资的担忧正在影响如云服务提供商及英伟达客户CoreWeave Inc.等公司，该公司周三在广泛抛售中股票和债券价格暴跌。点击此处查看实时博客。
The exclusive chipmaker of Nvidia Corp. and Apple Inc.’s most advanced semiconductors, TSMC offered a counterpoint to increasingly negative sentiment around AI-linked names. Downstream from the chipmaker, worries about return on investments and long-term financing are hurting companies like cloud provider and Nvidia customer CoreWeave Inc., which on Wednesday saw its stock and bond prices plunge in a widespread selloff. Click here for a liveblog of the results.
台积电方面，过去两个季度其销售增长加速，并提升了产能扩张。公司表示，其资本支出将达到高达640亿美元，创历史新高。
TSMC, for its part, has seen sales growth accelerate over the past two quarters and has ramped up capacity expansion. The company has said its capital expenditures will reach as much as $64 billion, a record, this year.
总部位于新竹的台积电是全球AI需求的关键晴雨表，因为包括英伟达、超微半导体公司及Alphabet旗下谷歌在内的每一家主要行业参与者都依赖这家台湾芯片制造商将其最前沿的设计转化为实体组件。
Hsinchu-based TSMC serves as a key barometer of global AI demand as every major industry player including Nvidia, Advanced Micro Devices Inc. and Alphabet Inc.’s Google rely on the Taiwanese chipmaker to turn their most cutting-edge designs into physical components.
台积电股价本月触及历史新高，成为全球首批在7月市场暴跌后创下新高的芯片股之一。得益于在为AI提供动力的处理器制造中的主导地位，其表现优于同行。但过去一周，它也卷入了科技股的整体回调。
TSMC’s shares touched a record this month, among the first chip stocks globally to set a new high after a July market rout. It’s been outperforming peers thanks to a dominant position in the manufacturing of processors needed to power AI. Yet it got caught up in the broader pullback in tech stocks over the past week.
阅读：台积电业绩面临高压，需平息全球AI股票交易的不安情绪。共识估计显示，该台湾公司2027年的资本支出预期持续攀升，这是行业的关键指标。高盛集团目前将目标定为850亿美元，瑞银集团则为900亿美元，而彭博社调查的公司平均值为750亿美元。
Read: TSMC Results Face High Bar to Calm Global AI Stock Trade Jitters Consensus estimates have been climbing for the Taiwanese firm’s 2027 capital spending, a key indicator for the industry. Goldman Sachs Group Inc. now targets $85 billion and UBS Group AG $90 billion, compared with the $75 billion average of firms polled by Bloomberg.
该公司目前正尝试在国内和海外建设并装备约20座工厂，这一速度前所未有——该公司通常一次只会同时进行四或五座新建筑的施工。
The company is now trying to build and furnish about 20 factories at home and overseas, an unprecedented pace for a company that typically works on four or five new buildings simultaneously.
除了其承诺投入2650亿美元在亚利桑那州建设园区之外，由于美国正加速建设数据中心，该公司目前正考虑在得克萨斯州增设另一个美国站点，彭博社报道了这一消息。
On top of its $265 billion pledge to build a campus in Arizona, the company is now considering an additional US site in Texas due to the rush in the US to build data centers, Bloomberg News has reported.
彭博智库观点：更大的第三季度问题在于2027年。台积电在亚利桑那州的扩张、可能的得克萨斯州枢纽以及Terafab讨论可能会影响资本支出和海外利润稀释，而台湾方面的报告则指出晶圆价格可能上涨3%至6%。此外，关于下一代A14制造工艺和先进封装的更新也应能澄清台积电如何应对英特尔的挑战。——查尔斯·舒姆，分析师。阅读研究报告请点此链接。
What Bloomberg Intelligence SaysThe bigger 3Q questions are about 2027. TSMC’s Arizona expansion, a possible Texas hub and Terafab talks could shape capex and overseas margin dilution, while Taiwan reports point to 3-6% wafer-price increases. Updates on the next-generation A14 processing node and advanced packaging should also clarify TSMC’s response to Intel’s challenge.- Charles Shum, analystRead the research here.