TSMC/ASML: 2nm ramp + India fab + capacity strain
Key Questions
What were TSMC's Q1 financial results?
TSMC posted $35.9B in revenue, up 58% year-over-year, with gross margins of 66.2%.
What progress is TSMC making on its 2nm process?
TSMC is ramping 2nm production with first chips expected later this year and has outlined a 1nm roadmap.
Where is TSMC building capacity outside Taiwan?
TSMC is constructing a new fab in India to diversify its manufacturing footprint.
What is AMD's role in TSMC's 2nm ramp?
AMD has begun mass production of its Venice EPYC CPUs on TSMC's 2nm node and committed $10B to Taiwan's AI ecosystem.
What is ASML's High-NA EUV machine rollout status?
High-NA machines priced at $400M each are entering production, with Intel and SK Hynix as early adopters.
How does ASML benefit from AI demand?
Strong AI demand is making advanced chips supply-limited, driving orders for ASML's next-generation lithography tools.
What capacity constraints are affecting the semiconductor industry?
AI-driven demand is tightening supply across advanced nodes, prompting investments in new fabs and packaging capacity.
Are there geopolitical risks for TSMC and ASML?
Export controls on China and regional tensions continue to influence equipment sales and supply-chain strategies.
TSMC Q1 $35.9B (+58%), 66.2% GM; 2nm ramp + India fab. AMD Venice EPYC 2nm production ramp + $10B Taiwan investment. ASML High-NA rollout ($400M per machine, Intel/SK Hynix early adopters) reinforces AI infra leadership.