台积电在六月初因 COMPUTEX 相关买盘，股价一度涨到约新台币2,440元的盘中高点。tái jī diàn zài liù yuè chū yīn COMPUTEX xiāng guān mǎi pán ， gǔ jià yí dù zhǎng dào yuē xīn tái bì yuán de pán zhōng gāo diǎn 。TSMC's stock briefly rose to an intraday high of about NT$2,440 in early June due to COMPUTEX-related buying.公司对股东表示，AI 需求非常强，产能要完全恢复需要较长时间。gōng sī duì gǔ dōng biǎo shì ， AI xū qiú fēi cháng qiáng ， chǎn néng yào wán quán huī fù xū yào jiào cháng shí jiān 。The company told shareholders that AI demand is very strong and it will take a long time for capacity to fully recover.

公司公布五月合并营收约新台币4170亿元，年增约30%。gōng sī gōng bù wǔ yuè hé bìng yíng shōu yuē xīn tái bì 4170 yì yuán ， nián zēng yuē 30% 。The company announced consolidated May revenues of about NT$417 billion, an increase of about 30% year on year.高阶制程（像3奈米）产能很紧，市场有讨论部分3奈米价格可能上调，报道提到个别情境约有15%的想定。gāo jiē zhì chéng （ xiàng 3 nài mǐ ） chǎn néng hěn jǐn ， shì chǎng yǒu tǎo lùn bù fèn 3 nài mǐ jià gé kě néng shàng tiáo ， bào dào tí dào gè bié qíng jìng yuē yǒu 15% de xiǎng dìng 。Advanced nodes (like 3nm) have tight capacity; the market has discussed possible price increases for some 3nm, with reports mentioning an assumed scenario around 15%.

部分大客户因此考虑分散供应链的选择。bù fèn dà kè hù yīn cǐ kǎo lǜ fēn sàn gōng yìng liàn de xuǎn zé 。Some major customers are therefore considering diversifying their supply chains.外界也预期台积电会维持高额资本支出以扩产，相关供应厂与封测材料厂的股价也有上升。wài jiè yě yù qī tái jī diàn huì wéi chí gāo é zī běn zhī chū yǐ kuò chǎn ， xiāng guān gōng yìng chǎng yǔ fēng cè cái liào chǎng de gǔ jià yě yǒu shàng shēng 。Outside observers also expect TSMC to maintain high capital expenditures to expand capacity, and related suppliers and packaging/materials companies' stocks have also risen.市场同时出现波动，短线有回调，管理层说通膨与成本会影响未来定价，但没有承诺大幅涨价。shì chǎng tóng shí chū xiàn bō dòng ， duǎn xiàn yǒu huí tiáo ， guǎn lǐ céng shuō tōng péng yǔ chéng běn huì yǐng xiǎng wèi lái dìng jià ， dàn méi yǒu chéng nuò dà fú zhǎng jià 。The market also saw volatility with short-term pullbacks; management said inflation and costs will affect future pricing but did not promise large price increases.

进入六月以来，台积电因 COMPUTEX 期间的买盘与市场对人工智能芯片的预期，股价曾一度冲到约新台币2,440元的盘中高点。jìn rù liù yuè yǐ lái ， tái jī diàn yīn COMPUTEX qī jiān de mǎi pán yǔ shì chǎng duì rén gōng zhì néng xīn piàn de yù qī ， gǔ jià céng yī dù chōng dào yuē xīn tái bì 2,440元 de pán zhōng gāo diǎn 。Since entering June, TSMC's stock once surged to an intraday high of about NT$2,440 due to buying during COMPUTEX and market expectations for AI chips.公司在对股东的说明会上表示，AI 相关的订单非常强劲，要把产能完全恢复到能满足客户需求的水准仍需较长时间。gōng sī zài duì gǔ dōng de shuō míng huì shàng biǎo shì ， AI xiāng guān de dìng dān fēi cháng qiáng jìn ， yào bǎ chǎn néng wán quán huī fù dào néng mǎn zú kè hù xū qiú de shuǐ zhǔn réng xū jiào cháng shí jiān 。At a briefing to shareholders, the company said AI-related orders are very strong, and it will take a long time to fully restore capacity to levels that meet customer demand.

五月合并营收约为新台币4,169.8亿元，同比增长约30.1%，显示需求对业绩有明显推动。wǔ yuè hé bìng yíng shōu yuē wéi xīn tái bì 4,169.8 yì yuán ， yóng zhǎng tǐ qiān yuē 30.1% ， xiǎn shì xū qiú duì yè jì yǒu míng xiǎn tuī dòng 。May consolidated revenue was about NT$416.98 billion, up about 30.1% year on year, showing demand clearly boosted results.但先进制程，像是3奈米等稀缺节点供应仍吃紧，市场有分析认为部分3奈米价格可能上涨近15%，也促使客户考虑分散供给来源，有报导指大型科技厂商有意降低对单一代工厂的依赖。dàn xiān jìn zhì chéng ， xiàng shì 3 nài mǐ děng xī quē jié diǎn gōng yì réng chī jǐn ， shì chǎng yǒu fēn xī rèn wéi bù fèn 3 nài mǐ jià gé kě néng shàng zhǎng jìn 15% ， yě cù shǐ kè hù kǎo lǜ fēn sàn gōng jǐ yuán ， yǒu bào dǎo zhǐ dà xíng kē jì chǎng shāng yǒu yì jiàng dī duì dān yī dài gōng chǎng de yī lài 。But advanced nodes like 3nm remain tight in supply; some analysts think parts of 3nm prices could rise nearly 15%, prompting customers to consider diversifying suppliers, and reports say big tech firms intend to reduce reliance on a single foundry.

面对持续的AI与高性能运算需求，业界普遍预计台积电将在短期内维持高额资本支出以扩充产能，相关材料与封测供应链也因此受惠，股价连带上扬。miàn duì chí xù de AI yǔ gāo xìng néng yùn suàn xū qiú ， yè jiè pǔ biàn yù jì tái jī diàn jiāng zài duǎn qī nèi wéi chí gāo é zī běn zhī chū yǐ kuò chōng chǎn néng ， xiāng guān cái liào yǔ fēng cè gōng yìng liàn yě yīn cǐ shòu huì ， gǔ jià lián dài shàng yáng 。Facing ongoing AI and high-performance computing demand, the industry generally expects TSMC to keep high capex in the short term to expand capacity; related materials and packaging/testing supply chains benefit, lifting the stock.同时市场波动性增加，随全球与产业面因素会出现回档；tóng shí shì chǎng bō dòng xìng zēng jiā ， suí quán qiú yǔ chǎn yè miàn yīn sù huì chū xiàn huí dàng ；At the same time, market volatility has increased and pullbacks may occur due to global and industry factors;公司高层也提到通膨与成本上升会是未来订价时要考虑的变量，但并未承诺具体大幅涨价。gōng sī gāo céng yě tí dào tōng péng yǔ chéng běn shàng shēng huì shì wèi lái dìng jià shí yāo kǎo lǜ de biàn liàng ， dàn bìng wèi chéng nuò jù tǐ dà fú zhǎng jià 。Company executives also mentioned inflation and rising costs will be variables to consider in future pricing, but they did not promise significant price hikes.

进入六月初与 COMPUTEX 相关的买盘推动下，台积电股价曾一度创下盘中高点，接近每股新台币 2,440 元。jìn rù liù yuè chū yǔ null xiāng guān de mǎi pán tuī dòng xià ， tái jī diàn gǔ jià céng yí dù chuàng xià pán zhōng gāo diǎn ， jiē jìn měi gǔ xīn tái bì null yuán 。Entering early June and driven by buying related to COMPUTEX, TSMC's stock once reached an intraday high, approaching NT$2,440 per share.公司对外表示，人工智能相关的订单非常强劲，短期内要把产能完全恢复以满足客户需求将耗费较长时间。gōng sī duì wài biǎo shì ， rén gōng zhì néng xiāng guān de dìng dān fēi cháng qiáng jìn ， duǎn qī nèi yào bǎ chǎn néng wán quán huī fù yǐ mǎn zú kè hù xū qiú jiāng hào fèi jiào cháng shí jiān 。The company said AI-related orders are very strong, and it will take a long time in the short term to fully restore capacity to meet customer demand.这一供需格局也反映在 2026 年 5 月的合并营收上，约为新台币 4,169.8 亿，较去年同期成长约 30.1%。zhè yī gōng xū gé jú yě fǎn yìng zài èr líng èr liù nián wǔ yuè de hé bìng yíng shōu shàng ， yuē wéi xīn tái bì sì qiān yī liù jiǔ diǎn bā yì ， jiào qī nián tóng qī chéng zhǎng yuē sān shí diǎn yī 。This supply-demand pattern is also reflected in consolidated revenue for May 2026, about NT$416.98 billion, up roughly 30.1% year over year.

在技术节点方面，3 奈米等先进制程仍然供不应求；zài jì shù jiē diǎn fāng miàn ， sān nài mǐ děng xiān jìn zhì chéng réng rán gōng bù yìng qiú ；On technology nodes, advanced processes such as 3 nm remain undersupplied.市场与分析师讨论到，稀缺节点的晶圆合约价可能出现上调，个别报道估算幅度曾接近 15%。shì chǎng yǔ fēn xī shī tǎo lùn dào ， xī quē jiē diǎn de jīng yuán hé yuē jià kě néng chū xiàn shàng tiáo ， gè bié bào dào gū suàn fú dù céng jiē jìn shí wǔ bǎi fēn zhī 。The market and analysts discussed that wafer contract prices at scarce nodes could be raised; some reports estimated increases approaching 15%.产能紧绷促使大型客户评估替代供货策略，业界已出现关于部分云端及 AI 芯片厂商寻求分散代工来源的迹象。chǎn néng jǐn bèng cù shǐ dà xíng kè hù píng gū tì dài gōng huò cè lǜ ， yè jiè yǐ chū xiàn guān yú bù fèn yún duān jí AI xīn piàn chǎng shāng xún qiú fēn sàn dài gōng lái yuán de jì xiàng 。Tight capacity is prompting large customers to evaluate alternative supply strategies; the industry has seen signs that some cloud and AI chipmakers are seeking to diversify foundry sources.同时，上游材料和封装伙伴随台积电扩展预期也获得股价表现的联动效应。tóng shí ， shàng yóu cái liào hé fēn zhuāng huǒ bàn suí tái jī diàn kuò zhǎn yù qī yě huò dé gǔ jià biǎo xiàn de lián dòng xiào yìng 。At the same time, upstream materials and packaging partners have seen stock-performance linkages as TSMC's expansion expectations grow.

面对持续上涨的 AI 与高性能计算需求，公司管理层说明将维持高额资本支出以扩充产能，但也坦言通货膨胀与成本上升会是未来定价考量的一部分。miàn duì chí xù shàng zhǎng de AI yǔ gāo xìng néng jì suàn xū qiú ， gōng sī guǎn lǐ céng shuō míng jiāng wéi chí gāo é zī běn zhī chū yǐ kuò chōng chǎn néng ， dàn yě tǎn rèn tōng huò péng zhàng yǔ chéng běn shàng shēng huì shì wèi lái dìng jià kǎo liáng de yì bù fèn 。Facing persistently rising AI and high-performance computing demand, management said it will maintain high capex to expand capacity but acknowledged inflation and rising costs will be part of future pricing considerations.资金投入与需求推动带来市场正向动能，亦伴随波动性增加：股价与产业指数在涨势中偶有回调，反映出投资人与客户在扩产与价格之间的权衡。zī jīn tóu rù yǔ xū qiú tuī dòng dài lái shì chǎng zhèng xiàng dòng néng ， yì bàn suí bō dòng xìng zēng jiā ： gǔ jià yǔ chǎn yè zhǐ shù zài zhǎng shì zhōng ǒu yǒu huí tiáo ， fǎn yìng chū tóu zī rén yǔ kè hù zài kuò chǎn yǔ jià gé zhī jiān de quán héng 。Capital投入 and demand-driven market momentum bring positive effects but also increased volatility: stock prices and industry indices have occasionally pulled back during the rally, reflecting investors' and customers' trade-offs between expanding capacity and pricing.