$TSM TTN SUMMARY OF 01:00ET EARNINGS CALL: TSMC EXPECTS REVENUE FROM AI ACCELERATORS TO DOUBLE IN 2025 AFTER MORE THAN TRIPLING IN 2024 $NVDA $AMD $AVGO $MRVL
- Forecasts revenue growth from AI accelerators to approach a mid-40% CAGR over the next five years starting from 2024; AI accelerators to be the strongest driver of HPC platform growth and largest contributor to incremental revenue.
- N2 process technology on track for volume production in H2 2025; N2P and A16 scheduled for volume production in H2 2026, expected to extend technology leadership.
- Expanding global manufacturing footprint: First fab in Arizona entered high-volume production in Q4 2024; Plans for second and third fabs in Arizona on track; First fab in Kumamoto began volume production; Plans to build fab in Dresden, Germany progressing smoothly.
- Remains committed to long-term gross margin target of 53% and higher, despite higher costs from overseas fabs and inflationary pressures.
- Strong AI-related demand: Working to increase capacity to meet demand, especially for CoWoS and advanced packaging.
- Sees increased silicon content in smartphones and PCs due to added AI functionalities; Expects this to drive growth beyond unit growth, with potential for shorter replacement cycles and more advanced technology adoption.