ElsieDewey
03-07

$Taiwan Semiconductor Manufacturing(TSM)$

TSM’s #2 customer Nvidia, just behind TSM's #1 customer Apple, could in all probability be paying upwards of $10+ billion this year for TSM to make their chips. (Nvidia paid TSMC $7.73 billion in 2023 per SEC filing) 

Taking into account how Nvidia alone accounted for only 11% of TSM’s revenue mix in 2023, one can extrapolate that TSM’s #2 customer moves up the stack as the lag time to build + strong order pipeline into 2H24 and 1H 2025 goes up significantly over the “just getting started” output for 2023.  AMD is also likely moving up the stack nicely at TSM on ramped orders for their chips. 

The list of orders and customers appears stronger at TSM as never before.  5nm, 3nm, and coming 2nm (Apple for 2nm) will likely boost TSM’s numbers with more capacity coming on line.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • shawnee_zx
    03-09
    shawnee_zx
    Great ariticle, would you like to share it?
  • Ed edd eddie
    03-09
    Ed edd eddie
    Great ariticle, would you like to share it?
  • Eky
    03-09
    Eky
    Great ariticle, would you like to share it?
  • addyloh
    03-09
    addyloh
    Great ariticle, would you like to share it?
  • Wenyaoo
    03-09
    Wenyaoo

    Great ariticle, would you like to share it?

  • Sushil
    03-09
    Sushil
    Great ariticle, would you like to share it?
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