According to Taiwanese media “Electronic Times” reported today, TSMC has released its 2024 foundry quotation strategy to many customers, among which the foundry quotations below 7 nanometers will “strongly increase” by 3-6%. OEMs above 16 nanometers will maintain stable quotations. Except for sales discounts for some larger orders or large customers, there are generally “no obvious adjustment plans for the time being.”
Semiconductor industry insiders said that many major manufacturers, including Nvidia, AMD, and MediaTek, are “willing to accept” this increase. Due to stronger-than-expected demand, Nvidia has previously placed a large order with TSMC to “expedite” the production of a full range of AI GPUs.
According to reports, as destocking comes to an end and major customers return one after another, TSMC’s operations next year are expected to resume “healthy growth” in the second quarter at the latest. The increase in foundry quotations is expected to help it offset the high costs of building and operating overseas factories. , allowing TSMC to maintain its long-term gross profit margin target of 53%.
It was previously reported that Reuters said this week that TSMC’s third-quarter net profit is expected to decline 30% year-on-year, but analysts predict that the company will achieve strong growth next year as the chip industry is emerging from the current downturn. According to data released by TSMC, revenue in the third quarter was approximately US$17 billion, a year-on-year decrease of 20%, roughly in the middle of the company’s forecast range.
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