Or over $40 billion! TSMC will increase investment and be optimistic about big customers "cutting orders"
On September 8, TSMC announced the company's August revenue results.
According to the data, the company’s revenue in August this year hit a record high again, with revenue increasing by 58.7% year-on-year and 16.8% month-on-month, reaching approximately US$7 billion. TSMC expects its third-quarter revenue to be between $19.8 billion and $20.6 billion.
Research firm IC Insights believes that the company's third-quarter revenue is expected to reach 20.2 billion US dollars, which may surpass Samsung and become the world's semiconductor leader for the first time.
The chip market has been sluggish since the beginning of this year, and companies such as Samsung Electronics and SK Hynix are more pessimistic about the future development trend of the industry. It is understood that Samsung Electronics’ revenue in the second quarter of this year was 77.2 trillion won (about 61.76 billion U.S. dollars), an increase of 21.3% over the same period last year, of which the chip division’s revenue was 28.8 trillion won (about 23 billion U.S. dollars) .
Although Samsung's financial report stated that the company's second-quarter performance hit a record high, due to the impact of the external economy, some research institutions believe that Samsung's revenue in the third quarter of this year may decrease by 19% month-on-month, and revenue will fall to 18.29 billion US dollars .
It is worth noting that although TSMC has achieved a considerable result, there are still many sources that TSMC is still facing various problems.
It is understood that TSMC's 7nm chip production capacity is oversupplied, and there is a trend of slowing down production expansion. Not only that, JPMorgan Chase said that TSMC is currently facing the "order cut" dilemma of the four major customers of AMD, Qualcomm, Nvidia and MediaTek, which may lead to the first decline in TSMC's profit next year.
Despite this, TSMC is still insisting on increasing capital expenditures. According to media reports on September 13, in order to meet the strong demand for chips from Apple, Intel and other customers from 2023 to 2025, TSMC will significantly increase capital expenditures in the second half of the year, and may even exceed $40 billion in 2023.
However, it is reported that the current inventory of the semiconductor industry has increased to 550 billion US dollars, and whether TSMC's record revenue performance and substantial investment can eliminate the market's anxiety and concerns about the industry is still uncertain.
