晶圆代工行业点评报告：AI需求持续引领先进晶圆代工有望大放异彩

财通证券02-02

AI 相关芯片需求旺盛，推动晶圆代工龙头业绩持续高增：在人工智能算力需求快速增长的带动下，全球晶圆代工行业持续景气。2025 年第四季度，台积电营收达1.05 万亿新台币，同比增长20.45%，创下单季历史新高；全年营收也实现31.60%的显著增长，达到3.81 万亿新台币。与台积电相比，中国大陆晶圆代工企业在整体收入规模上仍有较大追赶空间。全球先进制程扩产进度加快：据SEMI 预测，全球7 纳米...

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晶圆代工行业点评报告：AI需求持续引领 先进晶圆代工有望大放异彩

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晶圆代工行业点评报告：AI需求持续引领先进晶圆代工有望大放异彩