According to Taiwan media “Economic Daily News” quoted Bloomberg information, analysts pointed out that the global chip demand recovery slowed down, may inhibit the second half of the demand rebound strength, but TSMC can still take the lead to get out of the chip boom downturn, revenue is expected to rebound in the second half of the year, mainly because of the 3nm node process sales increase, higher prices.
TSMC forecasts a high single-digit percentage decline in first-half sales, which is greater than market expectations, suggesting that global chip destocking is slower than expected, especially in the personal computer (PC) and smartphone supply chains, and capacity utilization at the 7nm process node will remain low, factors that could create a drag of at least 7% on TSMC’s first-half operating interest.
Analysts believe TSMC is expected to see improvement in the 3rd quarter when the new 3nm process will contribute revenue and could account for more than 8% of sales in the quarter.
In yesterday’s TSMC held fourth quarter legal conference, President Wei Zhejia also said that the upgraded 3nm (N3E) process will be mass produced in the 3rd quarter of this year, and it is estimated that 3nm and upgraded 3nm will contribute about 4% to 6% of revenue this year.
Bloomberg news pointed out that TSMC will be the first company to resume revenue growth among global foundries, and the recovery time may be at the end of this year. TSMC’s steady shift to next-generation process nodes, such as 3nm this year, 2nm in 2025, as well as new special manufacturing capacity and 3D packaging technology, can ensure the company’s long-term dominance of the foundry market, helping long-term gross margins are maintained at 53% to 60% range, much higher than other peer companies.
