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TSMC, the world’s leading chip maker in Taiwan, is expected to maintain its dominant position with stronger earnings growth targets than last year, despite a sharp drop in market share amid a slowdown in the industry as a whole. increase.
Investor Conference on July 12, TSMC CEO CC Wei Said The company has shown that it has raised its sales growth forecast for this year from the previous 30% forecast in June to 35%.
In early June, CFO Wendell Huang said TSMC is on track for 53% gross profit growth this year, despite worsening inflation and rising costs at overseas plants.
The tip industry also slowed in 2022 due to the global economic downturn, declining demand for consumer electronics, and increased product inventories.
July 5, TSMC Market Value strike A record low of NT $ 433 (about $ 14) per share, which has not been seen since November 2020. Devaluation of NT $ 6 trillion (about $ 0.2 trillion) compared to NT $ 688 (about $ 23) in mid-January.
In the first half of 2022, TSMC’s share price fell from 18,619 points to 14,000 points in June.
However, Liu Peizhen, supervisor of Taiwan Industrial Economic Services Data Bank, said TSMC’s products are used in a fairly wide range of applications and are less vulnerable to economic shocks, making TSMC still a prominent position in the industry. I think there is.
Annual shipments of consumer electronics, including PCs and smartphones, are slightly weaker or declining, but other applications such as high-performance computing, automotive electronics, logistic internet, servers, and cloud computing play a key role. I’m playing. It plays a role in increasing orders to significantly offset the negative impact, Liu said.
However, Liu told The Epoch Times that the semiconductor industry will be severely affected by demand in the final market, given its broad relevance to the global economy. As a result, the industry will slow growth from last year’s peak, whether it scales in Taiwan or globally.
Last year there was a boom in the field of semiconductor product applications. But this year, the growth of the semiconductor industry is slowing at a 2.8-3.0% decline. This was mainly due to the Russia-Ukraine War, China’s blockade of Zero COVID19, and rising inflation, Liu said.
Sales of personal computers, smartphones, home appliances, LCD driver ICs, IC-like products, sensor parts, and some single-chip orders were relatively sluggish.
However, the situation is expected to move towards a more balanced supply and demand by next year, and the tip shortage in 2019-2021 is expected to ease in 2023-2024.
After Samsung Electronics announced that it would produce chips with 3 nanometer (nm) technology on a large scale, some analysts questioned whether TSMC was lagging behind in its advanced process.
However, the eligible yields for such chips from Samsung are still unknown, Liu said, and Korean companies are unlikely to receive many orders at this time, from Qualcomm and Chinese cryptocurrency chip makers. Mining invisible to others, adding that the order could be only a handful.
Instead, TSMC’s 3nm process, scheduled for mass production in August, has already been ordered by heavyweight customers. Therefore, later this year, even with 3 nm, 5 nm, or 7 nm orders, TSMC remains the largest manufacturer of the majority of orders worldwide, with a consolidated annual growth rate of 29-39%. Is expected to be achieved. Liu said.
2021, TSMC revenue total NT $ 1.59 trillion (about $ 53 billion) — up 18.5% year-on-year, according to the annual financial report.
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