Amazon CEO Andy Jassy explained during the company's recent earnings call that data center buildings have a depreciation cycle of over 30 years, supporting multiple generations of server economics, while servers and chips require regular updates. This means that the proportion of future data center capital expenditures allocated to semiconductors will significantly increase. Microsoft CFO Amy Hood also stated that Microsoft has seen a shift in capital expenditures towards shorter-lived assets, with approximately two-thirds of current capital expenditures going to GPUs, CPUs, and other data center equipment. PwC projects that total data center capital expenditures will increase from $800 billion this year to $1.8 trillion by 2050. The article analyzes that TSMC, as the world's largest contract chip manufacturer, holding a 73% share of the third-party chip manufacturing market, will be the primary beneficiary of this long-term growth trend.