Analyst Colin Liu of Huaxing Securities wrote that Taiwan Semiconductor's third-quarter gross margin was higher than expected, indicating that the adverse effects of rising production costs for 3-nanometer chips are easing. He added that this positive trend may continue until the first half of 2025. The analyst further mentioned that Taiwan Semiconductor is expected to raise prices at the beginning of 2025, combined with sustained high capacity utilization, which will be the main driver of revenue growth next year. Huaxing Securities has raised its revenue expectations for Taiwan Semiconductor from 2024 to 2025 by 2%-10%, reflecting the company's confidence in the demand for artificial intelligence (AI) and the potential for development in the leading chip sector. Liu expects that by 2026, the pressure on gross margin from increased production of 2-nanometer chips will become more apparent. Taiwan Semiconductor's latest closing price was 1,085.00 New Taiwan dollars.