花旗：台积电毛利率前景依然坚韧

Odaily Planet Daily News Citigroup analysts said in a research report that TSMC's gross margin outlook remains resilient. The analysts stated that with a gross margin of 67.7% in the second quarter, advanced process technology accounting for 77% of wafer revenue, and the first revenue contribution from 2-nanometer chips, TSMC is well-positioned to sustain its industry-leading profitability. They added that TSMC's pricing discipline has also maintained long-term customer relationships. More importantly, management has repeatedly emphasized that AI demand has become stronger than previously anticipated, and the company is seeing growing AI demand as agentic AI increases CPU demand beyond accelerators. (Jin Ten)