Youtube creator Marton Barcza (TechAltar & Friday Checkout), building on interviews of Asianometry's Jon and Bloomberg's Tim Culpan, finds that:
-TSMC inverts the usual, lower, value of manufacturing in industry structure
-TSMC collection of leading and trailing edge customers cooperatively maximizes fab investment returns
-92% of < 10nm chips are made at TSMC
And yet has three weaknesses
-Politics: Japan, USA and China want what they have, and may get it
-Messing Up: Gate last and EUV resolved in TSMC favor, perhaps the next thing won't; Morris Chang shoes are hard to fill
-Cost: 28nm was the least expensive cost/gate; in one (rather narrow, I think) scenario this could transform TSMC's massive advantage in leading edge capa into a massive disadvantage.
Watch it here:
-TSMC inverts the usual, lower, value of manufacturing in industry structure
-TSMC collection of leading and trailing edge customers cooperatively maximizes fab investment returns
-92% of < 10nm chips are made at TSMC
And yet has three weaknesses
-Politics: Japan, USA and China want what they have, and may get it
-Messing Up: Gate last and EUV resolved in TSMC favor, perhaps the next thing won't; Morris Chang shoes are hard to fill
-Cost: 28nm was the least expensive cost/gate; in one (rather narrow, I think) scenario this could transform TSMC's massive advantage in leading edge capa into a massive disadvantage.
Watch it here: