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HSINCHU, Taiwan, R.O.C. – Aug. 10, 2022 - TSMC (TWSE: 2330, NYSE: TSM) today
announced its net revenue for July 2022: On a consolidated basis, revenue for July 2022 was approximately NT$186.76 billion, an increase of 6.2 percent from June 2022 and an increase of 49.9 percent from July 2021. Revenue for January through July 2022 totaled NT$1,211.98 billion, an increase of 41.1 percent compared to the same period in 2021.
TSMC estimated a 35% revenue growth for 2022 on the last investor call. Currently they are at 41.1% YoY so are we looking at a Q4 drop? Could the semiconductor sky be falling as Malcolm Penn has predicted? Or has TSMC sandbagged us again? The FinFET era has been very very good to TSMC, absolutely.
What we alone said would surely happen, but what was widely denied by the industry, was confirmed with June’s WSTS Blue Book report. Right on cue with our December 2021 forecast, the current semiconductor Super Cycle is finally drawing to a close and the 17th market downturn has now well and...
On the sky falling - I think there are quite a few notable watch items. Nvidia recently pre-warned on an upcoming 19% sequential QoQ revenue drop, some automakers report unusual inventory activity (Ford near zero inventory, VW 5-6 months of inventory), Raspberry Pi’s are perpetually out of stock, and major trading areas (US, EU, China) are by some definitions in a recession already. There’s also rising inflation which means a 0% revenue change is actually a significant reduction in revenue.
That said, I think I am coming around to the viewpoint that this may not matter for TSMC due to their diversity in market presence, and vast numbers of customers ready to use additional capacity, among other reasons. I’m amazed remove Huawei from the board and other sanctions type changes haven’t had significant impact on TSMC’s revenue..
That said, I think I am coming around to the viewpoint that this may not matter for TSMC due to their diversity in market presence, and vast numbers of customers ready to use additional capacity, among other reasons. I’m amazed remove Huawei from the board and other sanctions type changes haven’t had significant impact on TSMC’s revenue..
Agreed, that is proving to be true. The high customer count also gives TSMC insight into the economy that most companies don't have. You will be hard pressed to find an industry that does not involve semiconductors in some form so TSMC has the broadest set of economic datapoints of any one manufacturer.
TSMC estimated a 35% revenue growth for 2022 on the last investor call. Currently they are at 41.1% YoY so are we looking at a Q4 drop? Could the semiconductor sky be falling as Malcolm Penn has predicted? Or has TSMC sandbagged us again? The FinFET era has been very very good to TSMC, absolutely.
What we alone said would surely happen, but what was widely denied by the industry, was confirmed with June’s WSTS Blue Book report. Right on cue with our December 2021 forecast, the current semiconductor Super Cycle is finally drawing to a close and the 17th market downturn has now well and...
TSMC is conservative so they will most certainly beat the 35% number. Probably closer to 40%. TSMC N3 is going to be a big node so expect bigger things in 2023 and 2024.
TSMC is conservative so they will most certainly beat the 35% number. Probably closer to 40%. TSMC N3 is going to be a big node so expect bigger things in 2023 and 2024.
NVIDIA RTX3000 made by Samsung so TSMC have nothing to lose from NVIDIA. Any RTX4000 will be a plus to TSMC.
AMD GPU drop will have more impact to TSMC, hope game consoles pickup more.
NVIDIA RTX3000 made by Samsung so TSMC have nothing to lose from NVIDIA. Any RTX4000 will be a plus to TSMC.
AMD GPU drop will have more impact to TSMC, hope game consoles pickup more.