TSMC Is On Fire. Just Beware of the Flames

Bloomberg2021-04-15

The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment. Just three months after Taiwan Semiconductor Manufacturing Co. shocked ...

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Comment（12）

Jaminwu
·2021-04-17
need taiwan to rain
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K74
·2021-04-16
Fire fire burn so high
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1
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Jazling
·2021-04-16
Comment pls
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- K74:
  Okay, likewise too
  2021-04-16
  Reply
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kino318
·2021-04-16
Drop .. I will buy more
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1
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mimiyo
·2021-04-16
Wow
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WeeNi
·2021-04-15
Omg
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nameless927
·2021-04-15
On fire!!! Flames gonna fuel the rocket!!
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1
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xmen
·2021-04-15
Cool
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2
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- WeiKeong:
  Super hot
  2021-04-15
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Kencana
·2021-04-15
Ok
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2
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- Kristo:
  nice
  2021-04-15
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albert77
·2021-04-15
Nice stock
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spin37gy
·2021-04-15
Got like?
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3
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gaof0002
·2021-04-15
Good. Like and comment please
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- Jazling:
  Ok
  2021-04-16
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- spin37gy:
  No comments, got like. Redeem your tiger coins ?
  2021-04-15
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- Windtalker78Replying tospin37gy:
  Great! [梭哈]
  2021-04-15
  Reply
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Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. 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Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347736906,"gmtCreate":1618530072005,"gmtModify":1704712196339,"author":{"id":"3566821013640470","authorId":"3566821013640470","authorIdStr":"3566821013640470","name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3566821013640470"},"htmlText":"Comment pls","listText":"Comment pls","text":"Comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347736906","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4047896,"gmtCreate":1618531567950,"gmtModify":1680784257403,"authorId":3574026189533561,"author":{"id":3574026189533561,"authorId":3574026189533561,"name":"K74","avatar":"https://community-static.tradeup.com/news/0915c1dbb625a1fab842a01a98e9f31a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347736906,"type":1,"supId":0,"prevId":0,"content":"Okay, likewise too","text":"Okay, likewise too","html":"Okay, likewise too"}],"langContent":"EN"},{"id":347790565,"gmtCreate":1618529424657,"gmtModify":1704712177230,"author":{"id":"3578134255896974","authorId":"3578134255896974","authorIdStr":"3578134255896974","name":"kino318","avatar":"https://static.tigerbbs.com/e983f44b7853b7b8c10f1b3f6e19dc68","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3578134255896974"},"htmlText":"Drop .. I will buy more","listText":"Drop .. I will buy more","text":"Drop .. I will buy more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347790565","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347415216,"gmtCreate":1618521009035,"gmtModify":1704712078657,"author":{"id":"3577269694288591","authorId":"3577269694288591","authorIdStr":"3577269694288591","name":"mimiyo","avatar":"https://static.tigerbbs.com/6810fe2df9a878f5d8704b4bf84cffbb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577269694288591"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347415216","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347276185,"gmtCreate":1618499011647,"gmtModify":1704711887428,"author":{"id":"3571130591653625","authorId":"3571130591653625","authorIdStr":"3571130591653625","name":"WeeNi","avatar":"https://static.tigerbbs.com/5cec7818309dd699c7e66180fe4d2081","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3571130591653625"},"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347276185","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347622025,"gmtCreate":1618494161767,"gmtModify":1704711707360,"author":{"id":"3577602781065384","authorId":"3577602781065384","authorIdStr":"3577602781065384","name":"nameless927","avatar":"https://static.tigerbbs.com/ff218b44b2e07b129c0d4b2f98a1fcbb","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3577602781065384"},"htmlText":"On fire!!! Flames gonna fuel the rocket!!&nbsp;","listText":"On fire!!! Flames gonna fuel the rocket!!&nbsp;","text":"On fire!!! Flames gonna fuel the rocket!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347622025","repostId":1165601522,"repostType":2,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347600772,"gmtCreate":1618490300996,"gmtModify":1704711617987,"author":{"id":"3571694804703064","authorId":"3571694804703064","authorIdStr":"3571694804703064","name":"xmen","avatar":"https://static.tigerbbs.com/9ab8012adcd931b967d0f02a81a8c9a2","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3571694804703064"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347600772","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4043867,"gmtCreate":1618491120569,"gmtModify":1680784185513,"authorId":3574809268346931,"author":{"id":3574809268346931,"authorId":3574809268346931,"name":"WeiKeong","avatar":"https://static.tigerbbs.com/5495c1f2e5e2d6067ea4add6d0b105c5","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347600772,"type":1,"supId":0,"prevId":0,"content":"Super hot","text":"Super hot","html":"Super hot"}],"langContent":"EN"},{"id":347870887,"gmtCreate":1618489374549,"gmtModify":1704711603342,"author":{"id":"3580435285853971","authorId":"3580435285853971","authorIdStr":"3580435285853971","name":"Kencana","avatar":"https://static.tigerbbs.com/d5da0f3d018441c0cf9337b491f6d15a","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3580435285853971"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347870887","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4043669,"gmtCreate":1618489406404,"gmtModify":1680784191316,"authorId":3557634928383187,"author":{"id":3557634928383187,"authorId":3557634928383187,"name":"Kristo","avatar":"https://static.tigerbbs.com/07075676425d47f31685477722d0d415","vip":1,"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347870887,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice"}],"langContent":"EN"},{"id":347844180,"gmtCreate":1618489196140,"gmtModify":1704711600257,"author":{"id":"3575421087208890","authorId":"3575421087208890","authorIdStr":"3575421087208890","name":"albert77","avatar":"https://static.tigerbbs.com/23ad8bf74e09800b779350089d72b84f","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3575421087208890"},"htmlText":"Nice stock","listText":"Nice stock","text":"Nice stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347844180","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347859183,"gmtCreate":1618487613042,"gmtModify":1704711575781,"author":{"id":"3574212983712096","authorId":"3574212983712096","authorIdStr":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574212983712096"},"htmlText":"Got like?&nbsp;","listText":"Got like?&nbsp;","text":"Got like?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347859183","repostId":1165601522,"repostType":2,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347828716,"gmtCreate":1618486935435,"gmtModify":1704711566667,"author":{"id":"3572995692195402","authorId":"3572995692195402","authorIdStr":"3572995692195402","name":"gaof0002","avatar":"https://static.tigerbbs.com/9b239a87a69c1274cc7d18e0e1e9c3bd","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3572995692195402"},"htmlText":"Good. Like and comment please&nbsp;","listText":"Good. Like and comment please&nbsp;","text":"Good. Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/347828716","repostId":1165601522,"repostType":4,"repost":{"id":"1165601522","pubTimestamp":1618486737,"share":"https://ttm.financial/m/news/1165601522?lang=&edition=fundamental","pubTime":"2021-04-15 19:38","market":"us","language":"en","title":"TSMC Is On Fire. Just Beware of the Flames","url":"https://stock-news.laohu8.com/highlight/detail?id=1165601522","media":"Bloomberg","summary":"The company’s incredible confidence in its technology means signing big checks to buy increasingly m","content":"<blockquote>\n The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n</blockquote>\n<p>Just three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.</p>\n<p>Apparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.</p>\n<p>Driving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.</p>\n<p>Yet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.</p>\n<p></p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Is On Fire. Just Beware of the Flames</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Is On Fire. Just Beware of the Flames\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 19:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked ...</p>\n\n<a href=\"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/opinion/articles/2021-04-15/tsmc-earnings-signing-big-checks-to-buy-expensive-equipment-could-backfire?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165601522","content_text":"The company’s incredible confidence in its technology means signing big checks to buy increasingly more expensive equipment.\n\nJust three months after Taiwan Semiconductor Manufacturing Co. shocked investors with a record spending plan, the world’s most important chipmaker doubled down with an even bigger budget.\nApparently an eye-watering $25 billion to $28 billion in capital expenditure just wasn’t enough to satiate global demand, so the Hsinchu-based company raised it to $30 billion. The maker of chips for Apple Inc., Qualcomm Inc. and Nvidia Corp. backed up this aggressive view by raising its revenue growth outlook this year to 20% from 15%.\nDriving that optimism is demand for high-performance computing and smartphones. These two categories require the latest semiconductors, which are a combination of powerful, small and energy-efficient. High-performance computing is a grab bag that includes artificial intelligence and machine learning, yet also games consoles, servers and telecommunications base stations. While the automotive industry has been loud in its complaints about chip shortages, TSMC got just 4% of its revenue from that sector last quarter, and sees the shortfall greatly reduced by next quarter.\nYet caution is warranted throughout TSMC’s earnings statement. That impressive top-line growth forecast definitely helps justify a bigger spending plan, but management also admits that capital intensity — a metric that charts spending against sales — will stay higher than average for a few years. With depreciation being the major contributor to costs, the end result will likely be downward pressure on gross margin. We’ve already seen this in the company’s second-quarter outlook announced Thursday, with predictions the figure may fall below 50% for the first time in almost two years.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4047597,"gmtCreate":1618530065443,"gmtModify":1680784248196,"authorId":3566821013640470,"author":{"id":3566821013640470,"authorId":3566821013640470,"name":"Jazling","avatar":"https://static.tigerbbs.com/85e0a83573d9307f57fca9b2baed72af","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.25","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347828716,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":4043476,"gmtCreate":1618487664905,"gmtModify":1680784181493,"authorId":3574212983712096,"author":{"id":3574212983712096,"authorId":3574212983712096,"name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":347828716,"type":1,"supId":4043450,"prevId":0,"content":"No comments, got like. Redeem your tiger coins ?","text":"No comments, got like. Redeem your tiger coins ?","html":"No comments, got like. Redeem your tiger coins ?"},{"id":4043479,"gmtCreate":1618487730517,"gmtModify":1680784179829,"authorId":3579431961273157,"author":{"id":3579431961273157,"authorId":3579431961273157,"name":"Windtalker78","avatar":"https://static.tigerbbs.com/0bf69a5ab416d33d0b16be20ef91c642","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3574212983712096,"repliedAuthor":{"id":3574212983712096,"authorId":3574212983712096,"name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":347828716,"type":1,"supId":4043450,"prevId":4043476,"content":"Great!  [梭哈]","text":"Great!  [梭哈]","html":"Great!  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