$Taiwan Semiconductor Manufact-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Taiwan Semiconductor Manufacturing(TSM)$

TSMC will be reporting result on 13 Oct. Given that TSMC has already released its revenue performance for Jul to Sep, its 3Q financial performance should be within its previous guidance and well above market analysts' consensus. FX will be a strong tailwind for TSMC since it collect revenue in USD but report in NTD.

However, market is always forward-looking and price company valuation using 6-12months outlook. Already, we are hearing TSMC N7 N6 fab utilisation rate falling off and most likely drop to 70% by 2Q23, and Apple and Nvidia refusing to accept price hike for advance chip despite increasedcost of production. TSMC will most likely be conservative in its forward guidance and join the chorus of other semicon giants in singing the perish song of the chip industry.

That said, TSMC is a too-big-to-fail company because it has a monopoly on advance mode chips. Even Samsung 3nm GAA chip cannot compare to TSMC. Next 6 months will be bad for TSMC, but eventually it will recover.

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Comments

MerLina
2022-10-08
MerLina
Good company but sadly, chip industry isn't doing so well
GinOng
2022-10-08
GinOng
Noted
chaicka
2022-10-09
chaicka
Entire industry has already forecasted ‘winter’ coming months ago and been preparing for hard hit in 2023. [Sweats]
Cheahkim
2022-10-08
Cheahkim
好
th0mastan
2022-10-09
th0mastan
Whether the results is good or bad, the probability to sell down given this climate is high
wingcheong
2022-10-09
wingcheong
Thanks for sharing.

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Given that TSMC has already released its revenue performance for Jul to Sep, its 3Q financial performance should be within its previous guidance and well above market analysts' consensus. FX will be&nbsp;a strong&nbsp;tailwind for TSMC since it collect revenue in USD&nbsp;but report in NTD.</p> <p>However, market is always forward-looking and price company valuation using 6-12months outlook. Already, we are hearing TSMC N7 N6 fab utilisation rate falling off and most likely drop to 70% by&nbsp;2Q23, and Apple and Nvidia refusing to accept price hike for advance chip despite increasedcost of production. TSMC will most likely be conservative in its forward guidance&nbsp;and join the chorus of other&nbsp;semicon giants&nbsp;in singing the perish song of the chip industry.&nbsp;</p> <p>That said, TSMC is a too-big-to-fail company because it has a monopoly on advance mode chips. Even Samsung 3nm GAA chip cannot compare to TSMC. Next 6 months will be bad for TSMC, but eventually it will recover.</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a><v-v data-views=\"0\"></v-v>&nbsp;</p> <p>TSMC will be reporting result on 13 Oct. Given that TSMC has already released its revenue performance for Jul to Sep, its 3Q financial performance should be within its previous guidance and well above market analysts' consensus. FX will be&nbsp;a strong&nbsp;tailwind for TSMC since it collect revenue in USD&nbsp;but report in NTD.</p> <p>However, market is always forward-looking and price company valuation using 6-12months outlook. Already, we are hearing TSMC N7 N6 fab utilisation rate falling off and most likely drop to 70% by&nbsp;2Q23, and Apple and Nvidia refusing to accept price hike for advance chip despite increasedcost of production. TSMC will most likely be conservative in its forward guidance&nbsp;and join the chorus of other&nbsp;semicon giants&nbsp;in singing the perish song of the chip industry.&nbsp;</p> <p>That said, TSMC is a too-big-to-fail company because it has a monopoly on advance mode chips. Even Samsung 3nm GAA chip cannot compare to TSMC. Next 6 months will be bad for TSMC, but eventually it will recover.</p></body></html>","text":"$Taiwan Semiconductor Manufacturing(TSM)$ TSMC will be reporting result on 13 Oct. Given that TSMC has already released its revenue performance for Jul to Sep, its 3Q financial performance should be within its previous guidance and well above market analysts' consensus. FX will be a strong tailwind for TSMC since it collect revenue in USD but report in NTD. However, market is always forward-looking and price company valuation using 6-12months outlook. Already, we are hearing TSMC N7 N6 fab utilisation rate falling off and most likely drop to 70% by 2Q23, and Apple and Nvidia refusing to accept price hike for advance chip despite increasedcost of production. TSMC will most likely be conservative in its forward guidance and join the chorus of other semicon giants in singing the perish song of the chip industry. That said, TSMC is a too-big-to-fail company because it has a monopoly on advance mode chips. Even Samsung 3nm GAA chip cannot compare to TSMC. 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[Sweats]</span>","text":"<span class=\"s1\">Entire industry has already forecasted ‘winter’ coming months ago and been preparing for hard hit in 2023. [Sweats]</span>","html":"<span class=\"s1\">Entire industry has already forecasted ‘winter’ coming months ago and been preparing for hard hit in 2023. [Sweats]</span>","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104268314,"commentId":"104268314","gmtCreate":1665237132808,"gmtModify":1665237136115,"authorId":4091959880433340,"author":{"id":4091959880433340,"idStr":"4091959880433340","authorId":4091959880433340,"name":"Cheahkim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9914892342,"objectIdStr":"9914892342","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<u><span style=\"background-color:#C8E0E8;\"><span style=\"color:#000000;\">好</span></span></u>","text":"<u><span style=\"background-color:#C8E0E8;\"><span style=\"color:#000000;\">好</span></span></u>","html":"<u><span style=\"background-color:#C8E0E8;\"><span style=\"color:#000000;\">好</span></span></u>","likeSize":3,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104272173,"commentId":"104272173","gmtCreate":1665278741421,"gmtModify":1665278745459,"authorId":3573383537150312,"author":{"id":3573383537150312,"idStr":"3573383537150312","authorId":3573383537150312,"name":"th0mastan","avatar":"https://static.tigerbbs.com/84d76bcdad50787fa2929139725c46f0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9914892342,"objectIdStr":"9914892342","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"<span class=\"s1\">Whether the results is good or bad, the probability to sell down given this climate is high<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">Whether the results is good or bad, the probability to sell down given this climate is high<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">Whether the results is good or bad, the probability to sell down given this climate is high<span class=\"Apple-converted-space\"> </span></span>","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":104270885,"commentId":"104270885","gmtCreate":1665274186332,"gmtModify":1665274189508,"authorId":3586572626611778,"author":{"id":3586572626611778,"idStr":"3586572626611778","authorId":3586572626611778,"name":"wingcheong","avatar":"https://community-static.tradeup.com/news/a8b517fca976f845c00a7bd1e8c4dcb4","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.02.05","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9914892342,"objectIdStr":"9914892342","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for sharing.","text":"Thanks for sharing.","html":"Thanks for sharing.","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9914892342"}