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Citi: TSMC's Gross Margin Outlook Remains Resilient
Svmuu News: Citigroup analysts stated in a research report that TSMC’s gross margin outlook remains resilient.The analysts noted that with a gross margin of 67.7% in the second quarter, advanced processes accounting for 77% of wafer revenue, and 2-nanometer chips contributing to revenue for the first time, TSMC remains well-positioned to maintain industry-leading profitability.They added that TSMC’s pricing discipline has also helped maintain long-term customer relationships. More importantly, management has repeatedly emphasized that AI demand has become stronger than previously anticipated, and the company is seeing continued growth in AI demand as agent-based AI drives increased CPU demand beyond accelerators. (Jin Shi)
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