[TSMC Raises Its Revenue Growth Guidance for This Year to the Middle of the 20% Range]

TSMC held a second-quarter earnings conference on July 18, during which Wei Zhejia, the chairman and president, proposed "Foundry 2.0", which encompasses IDM industries related to packaging, testing, mask making, and memory manufacturing. Under this definition, it is expected that the foundry industry will grow by 10% this year. Wei Zhejia pointed out that the demand for TSMC's 3-nanometer and 5-nanometer technologies is strong, and this year, there is a significant demand for advanced processes due to AI and smartphones. He stated that TSMC has raised its revenue growth guidance for this year to the middle of the 20% range (24% to 26%).