The latest research report on foreign capital pointed out that the Cylinder OEM, Longtou Electric, had better revenue than expected in the second quarter, and the demand for advanced production market is strong. It is expected that the annual revenue can reach financial measurement. In addition, the Cylinder price may rise in 2026, customers have already given it a positive review under the circumstances of preparation.

Taiwanese electricity was closed in June, and affected by the exchange rate, the amount was NT$263.709 billion, a decrease of 17.7% from May and an increase of 26.9% from the same period in 2024. Cumulatively, the amount of capital in the second quarter of 2025 was RMB 933.792 billion, an increase of 11.26% from the first quarter. The total revenue in the first half of the year was RMB 1773.046 billion, an increase of 40% compared with the same period in 2024. If the second quarter is priced in US dollars, it will increase by 16% compared with the first quarter, which is better than expected.

The US foreign capital has been revised a few days ago. The US dollar will grow by 27% throughout the year, so as long as the third quarter increases by 1% compared with the second quarter and remains flat in the fourth quarter, it can easily achieve financial targets. Under this situation, the current market demand for 3-nanometer processes is booming. The production capacity of PC CPUs has just been reduced, and it is taken away by the mining market demand of virtual currency. This part is believed to be that customers are responding to the 2026 price increase early, which also causes the performance of NTF to continue to maintain a level.

Overall, the legal meeting to be held on the 17th has previously stated that it includes the full-year 2025 revenue forecast (an increase of about 20% to 25% year-on-year) and capital expenditure ($38 billion to $42 billion) and capital expenditure ($38 billion to $42 billion) should be roughly unchanged. Therefore, we continue to maintain the forecast of an annual increase of 28.7% for the full year of 2025. Therefore, the direction of legal persons in the meeting will be on the 2026 price, exchange rate, CoWoS capacity, China's AI needs, whether taxes will change the customer's order behavior, etc.

Finally, foreign capital has also been simulated before, mainly because it is concerned about whether Taiwan power can be compared with pharmaceutical manufacturers. The US government will give semiconductor exemptions or grace periods. However, since NTEM investment in the United States has increased and is expected to receive policy support, the expected results will be relatively happy.