{
  "id": "Z08",
  "lang": "zh",
  "question": "台積電 2025 年資本支出最後是多少美元？跟原先指引差多少？",
  "answer": "台積電 2025 年實際合併資本支出為 409 億美元，落在年初公布的 380 億至 420 億美元指引區間內。[來源](https://investor.tsmc.com/english/encrypt/files/encrypt_file/qr/phase4_reports/2026-01/a920e9c2e3879f198dc700d041344229e7ffb438/4Q25%20Management%20Report.pdf)[來源](https://pr.tsmc.com/system/files/newspdf/attachment/879bc25bc117df89986cafabe73f40d89f48a2c9/4Q24%20%28E%29_with%20guidance_final_wmn.pdf)\n以兩份公告數值相減，實際值較原指引下緣多 29 億美元、較上緣少 11 億美元；這是區間比較，原指引並非單一金額。[來源](https://investor.tsmc.com/english/encrypt/files/encrypt_file/qr/phase4_reports/2026-01/a920e9c2e3879f198dc700d041344229e7ffb438/4Q25%20Management%20Report.pdf)[來源](https://pr.tsmc.com/system/files/newspdf/attachment/879bc25bc117df89986cafabe73f40d89f48a2c9/4Q24%20%28E%29_with%20guidance_final_wmn.pdf)\n這兩份文件未把全部資本支出逐一對應到具名客戶訂單。[來源](https://investor.tsmc.com/english/encrypt/files/encrypt_file/qr/phase4_reports/2026-01/a920e9c2e3879f198dc700d041344229e7ffb438/4Q25%20Management%20Report.pdf)[來源](https://pr.tsmc.com/system/files/newspdf/attachment/879bc25bc117df89986cafabe73f40d89f48a2c9/4Q24%20%28E%29_with%20guidance_final_wmn.pdf)",
  "facts": [
    {
      "claim": "2025 actual consolidated capital expenditure",
      "value": "US$40.90 billion",
      "as_of": "2026-01-15",
      "source": "https://investor.tsmc.com/english/encrypt/files/encrypt_file/qr/phase4_reports/2026-01/a920e9c2e3879f198dc700d041344229e7ffb438/4Q25%20Management%20Report.pdf",
      "quote": "US$40.90 billion"
    },
    {
      "claim": "Original 2025 capital budget guidance",
      "value": "US$38–42 billion",
      "as_of": "2025-01-16",
      "source": "https://pr.tsmc.com/system/files/newspdf/attachment/879bc25bc117df89986cafabe73f40d89f48a2c9/4Q24%20%28E%29_with%20guidance_final_wmn.pdf",
      "quote": "US$38 billion"
    }
  ],
  "not_disclosed": [
    "兩份文件未將全部資本支出對應具名客戶訂單；區間差額為兩份來源數值的明示算術比較。"
  ],
  "related_companies": [
    {
      "name": "TSMC / 台積電",
      "ticker": "TWSE:2330"
    }
  ],
  "verified_at": "2026-10-22T08:45:49.322696+00:00"
}