{"id":47,"date":"2026-01-16T09:52:33","date_gmt":"2026-01-16T06:52:33","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketriskustr\/?p=47"},"modified":"2026-01-29T01:31:41","modified_gmt":"2026-01-28T22:31:41","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-tsm-bilanco-analizi-2025-12-taiwan-semiconductor","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketriskustr\/47","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 TSM Bilan\u00e7o Analizi 2025\/12 | Taiwan Semiconductor"},"content":{"rendered":"

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\u00c7ip D\u00fcnyas\u0131n\u0131n Efendisi: TSMC\u2019nin 2025 Raporundan Gelece\u011fi De\u011fi\u015ftirecek 5 Kritik \u00c7\u0131kar\u0131m<\/h1>\n

1. Giri\u015f: G\u00f6r\u00fcnmez Devlerin Sessiz Y\u00fckseli\u015fi<\/h2>\n

Dijital d\u00fcnyam\u0131z\u0131n kalbinde, \u00e7\u0131plak g\u00f6zle g\u00f6r\u00fclemeyecek kadar k\u00fc\u00e7\u00fck ama k\u00fcresel ekonomiyi sarsacak kadar g\u00fc\u00e7l\u00fc bir teknoloji yat\u0131yor: Yar\u0131 iletkenler. Bug\u00fcn cebimizdeki telefonlardan yapay zekay\u0131 e\u011fiten devasa veri merkezlerine kadar her \u015feyin arkas\u0131nda sessiz bir dev duruyor. Taiwan Semiconductor Manufacturing Company (TSMC)<\/b>, sadece bir \u00fcretici de\u011fil, modern medeniyetin teknolojik can damar\u0131d\u0131r. 15 Ocak 2026<\/b> tarihinde yay\u0131nlanan son finansal rapor, bu g\u00f6r\u00fcnmez devin d\u00fcnyay\u0131 nas\u0131l \u015fekillendirdi\u011fini ve neden rakiplerinin \u00e7ok \u00f6tesinde bir finansal g\u00fc\u00e7 sergiledi\u011fini bir kez daha kan\u0131tlad\u0131.<\/p>\n

2. Beklentilerin \u00d6tesinde Bir Karl\u0131l\u0131k: %62.3 Br\u00fct Kar Marj\u0131<\/h2>\n

Finansal piyasalar TSMC’den her zaman y\u00fcksek performans bekler; ancak 2025’in son \u00e7eyre\u011fi bu beklentileri dahi g\u00f6lgede b\u0131rakt\u0131. \u015eirket, d\u00f6rd\u00fcnc\u00fc \u00e7eyrekte 1.046,09 milyar NT<\/b> (yakla\u015f\u0131k 33,73 milyar ABD dolar\u0131)** konsolide gelir ve **505,74 milyar NT<\/b> net kar elde etti\u011fini duyurdu. \u015eirketin kendi \u00f6ng\u00f6r\u00fcs\u00fc olan %59-%61 band\u0131n\u0131 a\u015farak %62.3 br\u00fct kar marj\u0131na<\/b> ula\u015fmas\u0131, TSMC’nin operasyonel verimlili\u011finin ve pazar \u00fczerindeki mutlak hakimiyetinin bir yans\u0131mas\u0131d\u0131r.<\/p>\n

Bu ba\u015far\u0131n\u0131n tesad\u00fcf olmad\u0131\u011f\u0131n\u0131, TSMC K\u0131demli Ba\u015fkan Yard\u0131mc\u0131s\u0131 ve CFO’su Wendell Huang<\/b>‘\u0131n \u015fu s\u00f6zleri net bir \u015fekilde ortaya koyuyor:<\/p>\n

“\u0130\u015fimiz, lider teknoloji s\u00fcre\u00e7lerimize olan g\u00fc\u00e7l\u00fc talep taraf\u0131ndan desteklendi.”<\/p>\n

Analist perspektifiyle bak\u0131ld\u0131\u011f\u0131nda, bu ivmenin yava\u015flamayaca\u011f\u0131 g\u00f6r\u00fcl\u00fcyor. Y\u00f6netim, 2026’n\u0131n ilk \u00e7eyre\u011fi i\u00e7in br\u00fct kar marj\u0131 hedefini %63 ile %65<\/b> aras\u0131na y\u00fckselterek, karl\u0131l\u0131k \u00e7\u0131tas\u0131n\u0131 ula\u015f\u0131lmas\u0131 g\u00fc\u00e7 bir noktaya ta\u015f\u0131d\u0131.<\/p>\n

3. 3-Nanometre Devrimi: Laboratuvardan C\u00fczdanlara<\/h2>\n

Teknoloji d\u00fcnyas\u0131nda “nanometre” yar\u0131\u015f\u0131 sadece bir prestij meselesi de\u011fil, ayn\u0131 zamanda en b\u00fcy\u00fck gelir kayna\u011f\u0131d\u0131r. 2024 y\u0131l\u0131nda toplam gelir i\u00e7indeki pay\u0131 %18<\/b> olan 3-nanometre (3nm)<\/b> teknolojisi, 2025 sonunda bu oran\u0131 %28<\/b> seviyesine \u00e7\u0131kard\u0131.<\/p>\n

TSMC\u2019nin teknolojik \u00fcst\u00fcnl\u00fc\u011f\u00fc sadece en yeni d\u00fc\u011f\u00fcmle s\u0131n\u0131rl\u0131 de\u011fil. \u015eirketin “Geli\u015fmi\u015f Teknolojiler” (7nm ve daha ileri teknolojiler) olarak tan\u0131mlad\u0131\u011f\u0131 segment, toplam wafer gelirinin tam %77\u2019sini<\/b> domine ediyor. Bu devasa pay\u0131n da\u011f\u0131l\u0131m\u0131 ise \u015firketin portf\u00f6y derinli\u011fini g\u00f6steriyor: 5nm teknolojisi %35<\/b>, 7nm ise %14<\/b> paya sahip. Bu tablo, d\u00fcnyan\u0131n en geli\u015fmi\u015f \u00e7iplerine olan ihtiyac\u0131n beklenenden \u00e7ok daha h\u0131zl\u0131 bir ticari d\u00f6n\u00fc\u015f\u00fcm yaratt\u0131\u011f\u0131n\u0131 kan\u0131tl\u0131yor.<\/p>\n

4. Ak\u0131ll\u0131 Telefonlardan Yapay Zekaya: HPC\u2019nin Domine Edi\u015fi<\/h2>\n

Ge\u00e7mi\u015fte TSMC’nin gelir motoru ak\u0131ll\u0131 telefonlard\u0131; ancak 2025 y\u0131l\u0131 bu dengenin kal\u0131c\u0131 olarak de\u011fi\u015fti\u011fi y\u0131l oldu. Y\u00fcksek Performansl\u0131 Hesaplama (HPC)<\/b> platformu, 2025 y\u0131l\u0131 genelinde gelirlerin %58\u2019ini<\/b> olu\u015fturarak liderli\u011fini per\u00e7inledi. Bir zamanlar\u0131n mutlak hakimi olan ak\u0131ll\u0131 telefonlar ise %29<\/b> pay ile ikinci s\u0131rada kald\u0131.<\/p>\n

Bu de\u011fi\u015fimi as\u0131l \u00e7arp\u0131c\u0131 k\u0131lan ise b\u00fcy\u00fcme h\u0131zlar\u0131 aras\u0131ndaki u\u00e7urumdur. HPC platformu y\u0131ll\u0131k bazda %48<\/b> gibi agresif bir b\u00fcy\u00fcme sergilerken, ak\u0131ll\u0131 telefon segmentindeki b\u00fcy\u00fcme %11<\/b>\u2019de kald\u0131. Bu veri, k\u00fcresel yat\u0131r\u0131m\u0131n art\u0131k bireysel cihazlardan ziyade, yapay zeka altyap\u0131lar\u0131na ve dev veri merkezlerine kayd\u0131\u011f\u0131n\u0131n en somut finansal delilidir.<\/p>\n

5. 56 Milyar Dolarl\u0131k Bahis: 2026 Yat\u0131r\u0131m B\u00fct\u00e7esi<\/h2>\n

TSMC y\u00f6netimi, 2026 y\u0131l\u0131 i\u00e7in teknoloji tarihinde e\u015fine az rastlan\u0131r bir sermaye b\u00fct\u00e7esi a\u00e7\u0131klad\u0131: 52 ile 56 milyar dolar<\/b>. Bir finans analisti i\u00e7in bu rakam sadece bir harcama plan\u0131 de\u011fil; Intel ve Samsung gibi rakiplerin \u00f6n\u00fcne \u00f6r\u00fclen a\u015f\u0131lmas\u0131 imkans\u0131z bir “stratejik bariyerdir”.<\/p>\n

\u015eirket bu devasa yat\u0131r\u0131m\u0131, gelecekteki talebe duydu\u011fu sars\u0131lmaz g\u00fcvenle gerek\u00e7elendiriyor. Nitekim analist notlar\u0131m\u0131za g\u00f6re y\u00f6netim, 2026 y\u0131l\u0131nda ABD dolar\u0131 baz\u0131nda %30\u2019a yak\u0131n bir gelir art\u0131\u015f\u0131<\/b> bekliyor. Bu yat\u0131r\u0131m miktar\u0131, TSMC\u2019nin yapay zeka \u00e7a\u011f\u0131n\u0131n tekel tedarik\u00e7isi olma vizyonunu destekleyen bir “g\u00f6vde g\u00f6sterisidir”.<\/p>\n

6. Gelecek Vizyonu: 2029’a Do\u011fru %25 B\u00fcy\u00fcme<\/h2>\n

TSMC\u2019nin uzun vadeli hedefleri, \u015firketin bir teknoloji \u00fcreticisinden \u00e7ok, k\u00fcresel bir finansal g\u00fc\u00e7 oda\u011f\u0131na d\u00f6n\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor. 2024-2029 y\u0131llar\u0131 aras\u0131nda dolar baz\u0131nda %25 bile\u015fik y\u0131ll\u0131k b\u00fcy\u00fcme oran\u0131 (CAGR)<\/b> hedefleyen \u015firket, d\u00f6ng\u00fcler boyunca %56 ve \u00fczerinde<\/b> bir br\u00fct kar marj\u0131 korumay\u0131 planl\u0131yor.<\/p>\n

Finansal sa\u011fl\u0131\u011f\u0131n en kritik g\u00f6stergelerinden biri olan \u00d6zsermaye Karl\u0131l\u0131\u011f\u0131 (ROE)<\/b> hedefinin ise d\u00f6ng\u00fc boyunca %20\u2019lerin sonunda (high-20s)<\/b> kalaca\u011f\u0131 \u00f6ng\u00f6r\u00fcl\u00fcyor. Bu rakamlar, TSMC’nin verimlilikten \u00f6d\u00fcn vermeden devasa bir \u00f6l\u00e7ekte b\u00fcy\u00fcmeye devam edece\u011finin ilan\u0131d\u0131r.<\/p>\n

Sonu\u00e7 olarak kar\u015f\u0131m\u0131zda sadece bir fabrika de\u011fil, dijital gelece\u011fin s\u0131n\u0131rlar\u0131n\u0131 \u00e7izen bir kurum var. Peki, d\u00fcnyan\u0131n en de\u011ferli teknolojilerinin %77’si<\/b> tek bir \u015firketin tesislerinden \u00e7\u0131karken, teknolojik ba\u011f\u0131ms\u0131zl\u0131k 2026 ve sonras\u0131nda ne anlama gelecek?<\/p>\n

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TSMC 2025 D\u00f6rd\u00fcnc\u00fc \u00c7eyrek ve Y\u0131ll\u0131k Finansal Sonu\u00e7lar\u0131 Brifing Belgesi<\/span><\/h1>\n

Y\u00f6netici \u00d6zeti<\/h2>\n

Taiwan Semiconductor Manufacturing Company Limited (TSMC), 31 Aral\u0131k 2025 tarihinde sona eren d\u00f6rd\u00fcnc\u00fc \u00e7eyre\u011fe ve 2025 mali y\u0131l\u0131n\u0131n tamam\u0131na ili\u015fkin g\u00fc\u00e7l\u00fc finansal sonu\u00e7lar a\u00e7\u0131klam\u0131\u015ft\u0131r. \u015eirket, hem y\u0131ll\u0131k hem de \u00e7eyreklik bazda \u00f6nemli bir b\u00fcy\u00fcme kaydederek 1.046,09 milyar NT tutar\u0131nda konsolide gelir ve 505,74 milyar NT net k\u00e2r elde etmi\u015ftir. Bu ba\u015far\u0131da, \u00f6zellikle 3 nanometre (nm) ve 5nm gibi ileri teknoloji s\u00fcre\u00e7lerine olan yo\u011fun talep belirleyici olmu\u015ftur.<\/p>\n

TSMC y\u00f6netimi, 2026 y\u0131l\u0131 i\u00e7in iyimser bir tablo \u00e7izmekte; gelirin ABD dolar\u0131 cinsinden %30’a yak\u0131n bir art\u0131\u015f g\u00f6stermesini ve sermaye b\u00fct\u00e7esinin 52 milyar ile 56 milyar ABD dolar\u0131 aras\u0131nda ger\u00e7ekle\u015fmesini beklemektedir. \u015eirket, 2024-2029 y\u0131llar\u0131 aras\u0131nda y\u0131ll\u0131k bile\u015fik b\u00fcy\u00fcme oran\u0131n\u0131n (CAGR) %25 civar\u0131nda olaca\u011f\u0131n\u0131 \u00f6ng\u00f6rerek uzun vadeli liderli\u011fini peki\u015ftirmeyi hedeflemektedir.<\/p>\n

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2025 D\u00f6rd\u00fcnc\u00fc \u00c7eyrek Finansal Performans Analizi<\/h2>\n

TSMC’nin 2025 y\u0131l\u0131n\u0131n son \u00e7eyre\u011findeki performans\u0131, t\u00fcm temel finansal g\u00f6stergelerde beklentilerin \u00fczerinde bir seyir izlemi\u015ftir.<\/p>\n

Temel Finansal Veriler (4\u00c725)<\/h3>\n\n\n\n\n\n\n\n\n\n
G\u00f6sterge<\/td>\nDe\u011fer (NT$)<\/td>\nY\u0131ll\u0131k De\u011fi\u015fim (YoY)<\/td>\n\u00c7eyreklik De\u011fi\u015fim (QoQ)<\/td>\n<\/tr>\n
Net Gelir<\/b><\/td>\n1.046,09 Milyar<\/td>\n+%20,5<\/td>\n+%5,7<\/td>\n<\/tr>\n
Net K\u00e2r<\/b><\/td>\n505,74 Milyar<\/td>\n+%35,0<\/td>\n+%11,8<\/td>\n<\/tr>\n
Hisse Ba\u015f\u0131na Kazan\u00e7 (EPS)<\/b><\/td>\n19,50<\/td>\n+%35,0<\/td>\n+%11,8<\/td>\n<\/tr>\n
Br\u00fct K\u00e2r Marj\u0131<\/b><\/td>\n%62,3<\/td>\n+3,3 puan<\/td>\n+2,8 puan<\/td>\n<\/tr>\n
Faaliyet Marj\u0131<\/b><\/td>\n%54,0<\/td>\n+5,0 puan<\/td>\n+3,4 puan<\/td>\n<\/tr>\n
Net K\u00e2r Marj\u0131<\/b><\/td>\n%48,3<\/td>\n+5,2 puan<\/td>\n+2,6 puan<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
    \n
  • ABD Dolar\u0131 Cinsinden Gelir:<\/b> 33,73 milyar ABD dolar\u0131 olarak ger\u00e7ekle\u015fmi\u015f, ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re %25,5 art\u0131\u015f g\u00f6stermi\u015ftir.<\/li>\n
  • Sevkiyatlar:<\/b> 12 in\u00e7 e\u015fde\u011feri gofret (wafer) sevkiyat\u0131 3.961 bin adet olarak kaydedilmi\u015ftir.<\/li>\n<\/ul>\n

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    Teknoloji ve \u00dcretim Da\u011f\u0131l\u0131m\u0131<\/h2>\n

    TSMC’nin teknolojik liderli\u011fi, “Geli\u015fmi\u015f Teknolojiler” (7nm ve daha geli\u015fmi\u015f s\u00fcre\u00e7ler) olarak tan\u0131mlanan segmentin toplam gofret gelirindeki bask\u0131n rol\u00fc ile tescillenmi\u015ftir.<\/p>\n

    Teknoloji Bazl\u0131 Gelir K\u0131r\u0131l\u0131m\u0131 (4\u00c725)<\/h3>\n
      \n
    • 3-nanometre:<\/b> Toplam gofret gelirinin %28’ini olu\u015fturmaktad\u0131r.<\/li>\n
    • 5-nanometre:<\/b> Toplam gelirin %35’ini olu\u015fturarak en b\u00fcy\u00fck paya sahiptir.<\/li>\n
    • 7-nanometre:<\/b> Gelirin %14’\u00fcn\u00fc temsil etmektedir.<\/li>\n
    • Toplam Geli\u015fmi\u015f Teknolojiler (7nm ve alt\u0131):<\/b> Toplam gelirin %77’sini olu\u015fturmaktad\u0131r.<\/li>\n<\/ul>\n

      2025 Y\u0131l\u0131 Operasyonel Verileri<\/h3>\n

      \u015eirket, 2025 y\u0131l\u0131 boyunca 534 m\u00fc\u015fteri i\u00e7in 12.682 farkl\u0131 \u00fcr\u00fcn \u00fcretmi\u015f ve 305 farkl\u0131 \u00fcretim teknolojisi kullanm\u0131\u015ft\u0131r. Bu veriler, TSMC’nin k\u00fcresel yar\u0131 iletken ekosistemindeki merkezi konumunu vurgulamaktad\u0131r.<\/p>\n

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      Platform Bazl\u0131 Gelir Analizi<\/h2>\n

      2025 y\u0131l\u0131nda gelir art\u0131\u015f\u0131n\u0131n ana itici g\u00fcc\u00fc Y\u00fcksek Performansl\u0131 Bilgi \u0130\u015flem (HPC) ve Ak\u0131ll\u0131 Telefon platformlar\u0131 olmu\u015ftur.<\/p>\n

      2025 Y\u0131l\u0131 Platform Da\u011f\u0131l\u0131m\u0131 ve B\u00fcy\u00fcme<\/h3>\n
        \n
      • Y\u00fcksek Performansl\u0131 Bilgi \u0130\u015flem (HPC):<\/b> Gelirlerin %58’ini olu\u015fturmakta olup y\u0131ll\u0131k bazda %48 ile en y\u00fcksek b\u00fcy\u00fcme oran\u0131na sahip platformdur.<\/li>\n
      • Ak\u0131ll\u0131 Telefonlar:<\/b> Gelirlerin %29’unu olu\u015fturmakta ve y\u0131ll\u0131k %11 b\u00fcy\u00fcme kaydetmi\u015ftir.<\/li>\n
      • Otomotiv:<\/b> Toplam gelirin %5’ini olu\u015ftururken y\u0131ll\u0131k %34 oran\u0131nda g\u00fc\u00e7l\u00fc bir b\u00fcy\u00fcme g\u00f6stermi\u015ftir.<\/li>\n
      • Nesnelerin \u0130nterneti (IoT):<\/b> %5 paya ve %15 y\u0131ll\u0131k b\u00fcy\u00fcmeye sahiptir.<\/li>\n
      • Dijital T\u00fcketici Elektroni\u011fi (DCE):<\/b> %1 pay ile dura\u011fan bir seyir izlemi\u015ftir (%0 b\u00fcy\u00fcme).<\/li>\n<\/ul>\n

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        Bilan\u00e7o ve Nakit Ak\u0131\u015f\u0131 \u00d6zeti<\/h2>\n

        TSMC, 2025 sonu itibar\u0131yla olduk\u00e7a likit ve g\u00fc\u00e7l\u00fc bir mali yap\u0131 sergilemektedir.<\/p>\n

          \n
        • Nakit ve Pazarlanabilir Menkul De\u011ferler:<\/b> 3.068,59 milyar NT$.<\/li>\n
        • Toplam Varl\u0131klar:<\/b> 7.933,02 milyar NT$.<\/li>\n
        • \u00d6zkaynak Karl\u0131l\u0131\u011f\u0131 (ROE):<\/b> 2025 y\u0131l\u0131 i\u00e7in %35,4 olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n
        • Serbest Nakit Ak\u0131\u015f\u0131 (FCF):<\/b> 2025 y\u0131l\u0131n\u0131n tamam\u0131nda 1.002,57 milyar NT$ serbest nakit ak\u0131\u015f\u0131 yarat\u0131lm\u0131\u015ft\u0131r.<\/li>\n
        • Temett\u00fc:<\/b> 2025’in \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fi i\u00e7in hisse ba\u015f\u0131na 6,00 NT$ nakit temett\u00fc onaylanm\u0131\u015f olup da\u011f\u0131t\u0131m tarihi 9 Nisan 2026 olarak belirlenmi\u015ftir.<\/li>\n<\/ul>\n

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          Gelece\u011fe Y\u00f6nelik Beklentiler<\/h2>\n

          2026 Birinci \u00c7eyrek (1\u00c726) \u00d6ng\u00f6r\u00fcleri<\/h3>\n

          Y\u00f6netim, 1 ABD dolar\u0131n\u0131n 31,6 NT$ oldu\u011fu varsay\u0131m\u0131 alt\u0131nda a\u015fa\u011f\u0131daki beklentileri payla\u015fm\u0131\u015ft\u0131r:<\/p>\n

            \n
          • Gelir:<\/b> 34,6 milyar – 35,8 milyar ABD dolar\u0131.<\/li>\n
          • Br\u00fct K\u00e2r Marj\u0131:<\/b> %63 – %65.<\/li>\n
          • Faaliyet K\u00e2r Marj\u0131:<\/b> %54 – %56.<\/li>\n<\/ul>\n

            Uzun Vadeli Stratejik Hedefler (2024-2029)<\/h3>\n
              \n
            • Y\u0131ll\u0131k Bile\u015fik B\u00fcy\u00fcme Oran\u0131 (CAGR):<\/b> ABD dolar\u0131 baz\u0131nda gelirin %25’e yakla\u015fmas\u0131 beklenmektedir.<\/li>\n
            • Sermaye Harcamalar\u0131:<\/b> 2026 y\u0131l\u0131 i\u00e7in 52 – 56 milyar ABD dolar\u0131 tutar\u0131nda bir b\u00fct\u00e7e \u00f6ng\u00f6r\u00fclmektedir.<\/li>\n
            • S\u00fcrd\u00fcr\u00fclebilir Marjlar:<\/b> Uzun vadeli br\u00fct k\u00e2r marj\u0131n\u0131n %56 ve \u00fczerinde, ROE’nin ise %20’lerin \u00fcst band\u0131nda seyretmesi hedeflenmektedir.<\/li>\n<\/ul>\n

              ——————————————————————————–<\/p>\n

              \u00d6nemli Al\u0131nt\u0131lar<\/h2>\n

              “D\u00f6rd\u00fcnc\u00fc \u00e7eyrekteki i\u015f hacmimiz, lider s\u00fcre\u00e7 teknolojilerimize olan g\u00fc\u00e7l\u00fc talep ile desteklendi. 2026’n\u0131n ilk \u00e7eyre\u011fine girerken, i\u015fimizin bu g\u00fc\u00e7l\u00fc talep taraf\u0131ndan desteklenmeye devam etmesini bekliyoruz.” \u2014 Wendell Huang<\/b>, TSMC K\u0131demli Ba\u015fkan Yard\u0131mc\u0131s\u0131 ve Finans Direkt\u00f6r\u00fc (CFO)<\/p>\n

              ——————————————————————————–<\/p>\n

              Kurumsal Bilgiler ve \u0130leti\u015fim<\/h2>\n
                \n
              • \u015eirket Merkezi:<\/b> Hsinchu, Tayvan.<\/li>\n
              • Temsilci ve CFO:<\/b> Wendell Huang.<\/li>\n
              • Medya \u0130leti\u015fim:<\/b> Nina Kao (Halkla \u0130li\u015fkiler M\u00fcd\u00fcr\u00fc) ve Ulric Kelly.<\/li>\n
              • Resmi Web Sitesi:<\/b> https:\/\/www.tsmc.com<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                Bu kaynaklar, **Taiwan Semiconductor Manufacturing Company (TSMC)** taraf\u0131ndan Ocak 2026’da yay\u0131mlanan ve \u015firketin **2025 y\u0131l\u0131 d\u00f6rd\u00fcnc\u00fc \u00e7eyrek** ile t\u00fcm y\u0131la ait **finansal performans\u0131n\u0131** detayland\u0131ran resmi raporlard\u0131r. \u0130\u00e7erik; ABD Menkul K\u0131ymetler ve Borsa Komisyonu’na sunulan **Form 6-K** bildirimini, gelir art\u0131\u015flar\u0131n\u0131 ve k\u00e2r marjlar\u0131n\u0131 duyuran bir **bas\u0131n b\u00fcltenini** ve yat\u0131r\u0131mc\u0131 sunum g\u00f6rsellerini kapsamaktad\u0131r. Veriler, \u00f6zellikle **3nm ve 5nm** gibi ileri seviye yar\u0131 iletken teknolojilerine olan yo\u011fun talebin \u015firketin gelirlerini ve k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 \u00f6nemli \u00f6l\u00e7\u00fcde art\u0131rd\u0131\u011f\u0131n\u0131 ortaya koymaktad\u0131r. Ayr\u0131ca belgelerde, \u015firketin **2026 y\u0131l\u0131 ilk \u00e7eyre\u011fine** dair b\u00fcy\u00fcme beklentileri, sermaye harcamas\u0131 hedefleri ve uzun vadeli stratejik \u00f6ng\u00f6r\u00fcleri payla\u015f\u0131lmaktad\u0131r. \u00d6zetle bu dok\u00fcmanlar, d\u00fcnyan\u0131n en b\u00fcy\u00fck \u00e7ip \u00fcreticisinin mali sa\u011fl\u0131\u011f\u0131n\u0131 ve **teknolojik liderli\u011fini** kan\u0131tlayan kapsaml\u0131 bir kurumsal d\u00f6k\u00fcm sunmaktad\u0131r.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9],"class_list":["post-47","post","type-post","status-publish","format-standard","hentry","category-bilancoanalizi","tag-tsm"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/comments?post=47"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts\/47\/revisions"}],"predecessor-version":[{"id":48,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/posts\/47\/revisions\/48"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/media?parent=47"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/categories?post=47"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketriskustr\/wp-json\/wp\/v2\/tags?post=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}