Goldman Sachs: TSMC's leading position in "buy" rating technology ensures its value sales strategy. Goldman Sachs released a report stating that TSMC is considering increasing production costs for Nvidia, and TSMC's chairman also revealed at the shareholder meeting that he sees greater room for price adjustments. The bank believes that TSMC is currently facing higher cost pressures and is making greater efforts to implement a selling its value strategy. At the same time, in order to achieve a long-term gross profit margin of 53% or more, the company may attempt to pass on costs to customers. In addition, regarding the comments made by the Chairman of TSMC at the shareholder meeting, the bank believes that it may be an attempt to "test" the opinions and opinions of end customers before the annual pricing negotiations. If TSMC were to raise prices, the most likely scenario would be to simultaneously increase the pricing of advanced nodes and CoWoS. The bank's target price for TSMC radio stocks is NTD 975 and believes that the company's technological leadership position is stable, giving it a "buy" rating.