TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand

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TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand

Bloomberg2021-07-16

Third-quarter margin guidance a disappointment: Morgan Stanley. Chipmaker said sales will rise more than 20% in 2021. Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...

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Comment（17）

LnP
·2021-07-16
I’ve sold out TSMC … yes it starts going down.
Reply
1
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Shan_2021
·2021-07-16
Manipulation .too late townidentify less margin
Reply
1
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bzlim
·2021-07-16
Please sell down for me. I want to continue accumulating
Reply
3
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SunSandSea
·2021-07-16
?
Reply
5
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jk0726
·2021-07-16
??
Reply
3
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Yawyaw
·2021-07-16
Good entry point now
Reply
2
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- jk0726:
  ??
  2021-07-16
  Reply
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Yawyaw
·2021-07-16
Good buy now[微笑]
Reply
3
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Jayden_Mok
·2021-07-16
Overall should be good year for them
Reply
2
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Soksok
·2021-07-16
Like
Reply
1
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- Jayden_Mok:
  done
  2021-07-16
  Reply
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tanks09
·2021-07-16
Meaning what? Not to moon but to hell?
Reply
1
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- tanks09:
  Ok lets huat
  2021-07-19
  Reply
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- TimTamPrata:
  Huat
  2021-07-18
  Reply
  Report
- TimTamPrata:
  Huat
  2021-07-18
  Reply
  Report
kelvinseech
·2021-07-16
Like and comment pls
Reply
Like
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blo
·2021-07-16
Thanks
Reply
3
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- NongTrading:
  [Grin][Facepalm]
  2021-07-16
  Reply
  Report
SSVC
·2021-07-16
Yup Appreciate your response and comments Thanks
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2
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- WKB:
  Me too
  2021-07-16
  Reply
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- SSVC:
  [Strong][ShakeHands]
  2021-07-16
  Reply
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henghm
·2021-07-16
Like and comment
Reply
3
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- terryvstitch:
  Like
  2021-07-16
  Reply
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Gamestonk
·2021-07-16
Of course the price thumble after good news… nice time for HF to take profits and re-enter at a later stage
Reply
4
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Timevestor
·2021-07-16
Please like and comment
Reply
5
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- NongTrading:
  [Shy]
  2021-07-16
  Reply
  Report
- kelvinseech:
  like and comment pls
  2021-07-16
  Reply
  Report
edgetrader
·2021-07-16
Buy or sell tsmc?
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1
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- ngckkk:
  sell and wait for lower price
  2021-07-16
  Reply
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Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. 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Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170174710,"gmtCreate":1626416433830,"gmtModify":1703759751822,"author":{"id":"3585764169254376","authorId":"3585764169254376","name":"Shan_2021","avatar":"https://static.tigerbbs.com/8683f374343f61d0fbbf7acdfbca2bcc","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3585764169254376","authorIdStr":"3585764169254376"},"htmlText":"Manipulation .too late townidentify less margin&nbsp;","listText":"Manipulation .too late townidentify less margin&nbsp;","text":"Manipulation .too late townidentify less margin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170174710","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170352413,"gmtCreate":1626406924732,"gmtModify":1703759570821,"author":{"id":"3572436349218639","authorId":"3572436349218639","name":"bzlim","avatar":"https://static.tigerbbs.com/3b2aafaf14823285f7393917b6ff4f54","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3572436349218639","authorIdStr":"3572436349218639"},"htmlText":"Please sell down for me. I want to continue accumulating&nbsp;","listText":"Please sell down for me. I want to continue accumulating&nbsp;","text":"Please sell down for me. I want to continue accumulating","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170352413","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170335607,"gmtCreate":1626403747409,"gmtModify":1703759500595,"author":{"id":"3568276413163668","authorId":"3568276413163668","name":"SunSandSea","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3568276413163668","authorIdStr":"3568276413163668"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170335607","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170336793,"gmtCreate":1626403617712,"gmtModify":1703759496516,"author":{"id":"4087884674407470","authorId":"4087884674407470","name":"jk0726","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087884674407470","authorIdStr":"4087884674407470"},"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170336793","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170391570,"gmtCreate":1626402831490,"gmtModify":1703759478684,"author":{"id":"3586086275235518","authorId":"3586086275235518","name":"Yawyaw","avatar":"https://static.tigerbbs.com/7e37500d21b3a116d9d16255fc15aa18","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586086275235518","authorIdStr":"3586086275235518"},"htmlText":"Good entry point now","listText":"Good entry point now","text":"Good entry point now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170391570","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235899,"gmtCreate":1626403612043,"gmtModify":1635228086752,"authorId":4087884674407470,"author":{"id":4087884674407470,"idStr":"4087884674407470","authorId":4087884674407470,"name":"jk0726","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170391570,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"EN"},{"id":170393506,"gmtCreate":1626402778305,"gmtModify":1703759477054,"author":{"id":"3586086275235518","authorId":"3586086275235518","name":"Yawyaw","avatar":"https://static.tigerbbs.com/7e37500d21b3a116d9d16255fc15aa18","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586086275235518","authorIdStr":"3586086275235518"},"htmlText":"Good buy now[微笑]&nbsp;","listText":"Good buy now[微笑]&nbsp;","text":"Good buy now[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170393506","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":170305016,"gmtCreate":1626402435135,"gmtModify":1703759469554,"author":{"id":"3576464901855543","authorId":"3576464901855543","name":"Jayden_Mok","avatar":"https://static.tigerbbs.com/3f1195614ba4e8b2edf234e734266578","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576464901855543","authorIdStr":"3576464901855543"},"htmlText":"Overall should be good year for them","listText":"Overall should be good year for them","text":"Overall should be good year for them","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170305016","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170301515,"gmtCreate":1626402236337,"gmtModify":1703759464476,"author":{"id":"3579684763801587","authorId":"3579684763801587","name":"Soksok","avatar":"https://static.tigerbbs.com/03c4a8d2787d3c5042bccff3b0bb60f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579684763801587","authorIdStr":"3579684763801587"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170301515","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235738,"gmtCreate":1626402452187,"gmtModify":1663231045034,"authorId":3576464901855543,"author":{"id":3576464901855543,"idStr":"3576464901855543","authorId":3576464901855543,"name":"Jayden_Mok","avatar":"https://static.tigerbbs.com/3f1195614ba4e8b2edf234e734266578","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170301515,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":170303615,"gmtCreate":1626402194637,"gmtModify":1703759462842,"author":{"id":"3581816252667558","authorId":"3581816252667558","name":"tanks09","avatar":"https://static.tigerbbs.com/0d3a860d19cbe659e537ab4dcbdc7d1d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3581816252667558","authorIdStr":"3581816252667558"},"htmlText":"Meaning what? Not to moon but to hell?&nbsp;","listText":"Meaning what? Not to moon but to hell?&nbsp;","text":"Meaning what? Not to moon but to hell?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/170303615","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5255647,"gmtCreate":1626626193741,"gmtModify":1663231133835,"authorId":3581816252667558,"author":{"id":3581816252667558,"idStr":"3581816252667558","authorId":3581816252667558,"name":"tanks09","avatar":"https://static.tigerbbs.com/0d3a860d19cbe659e537ab4dcbdc7d1d","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170303615,"type":1,"supId":0,"prevId":0,"content":"Ok lets huat","text":"Ok lets huat","html":"Ok lets huat"},{"id":5255028,"gmtCreate":1626617166532,"gmtModify":1663231130041,"authorId":3581478820646520,"author":{"id":3581478820646520,"idStr":"3581478820646520","authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170303615,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"},{"id":5249707,"gmtCreate":1626540139123,"gmtModify":1663231107043,"authorId":3581478820646520,"author":{"id":3581478820646520,"idStr":"3581478820646520","authorId":3581478820646520,"name":"TimTamPrata","avatar":"https://static.tigerbbs.com/7112dd358a087dca78af99b862816363","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170303615,"type":1,"supId":0,"prevId":0,"content":"Huat","text":"Huat","html":"Huat"}],"langContent":"EN"},{"id":170945187,"gmtCreate":1626401580849,"gmtModify":1703759440794,"author":{"id":"3577464386301571","authorId":"3577464386301571","name":"kelvinseech","avatar":"https://static.tigerbbs.com/fa4b33df37044967fd669e37ffd98983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3577464386301571","authorIdStr":"3577464386301571"},"htmlText":"Like and comment pls","listText":"Like and comment pls","text":"Like and comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170945187","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170951454,"gmtCreate":1626401002078,"gmtModify":1703759422140,"author":{"id":"3572390897790291","authorId":"3572390897790291","name":"blo","avatar":"https://static.tigerbbs.com/d90192eace0d90963b2e795671771ad8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572390897790291","authorIdStr":"3572390897790291"},"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170951454","repostId":1199782604,"repostType":2,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5238021,"gmtCreate":1626422920034,"gmtModify":1663231054049,"authorId":3558221190146484,"author":{"id":3558221190146484,"idStr":"3558221190146484","authorId":3558221190146484,"name":"NongTrading","avatar":"https://static.tigerbbs.com/fee23ce4cee8d2dffe3e975798ce16c9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170951454,"type":1,"supId":0,"prevId":0,"content":"[Grin][Facepalm]","text":"[Grin][Facepalm]","html":"[Grin][Facepalm]"}],"langContent":"EN"},{"id":170923309,"gmtCreate":1626400407201,"gmtModify":1703759406181,"author":{"id":"3574906731000207","authorId":"3574906731000207","name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574906731000207","authorIdStr":"3574906731000207"},"htmlText":"Yup Appreciate your response and comments Thanks&nbsp;","listText":"Yup Appreciate your response and comments Thanks&nbsp;","text":"Yup Appreciate your response and comments Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170923309","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235364,"gmtCreate":1626400494344,"gmtModify":1663231039328,"authorId":3580984813011332,"author":{"id":3580984813011332,"idStr":"3580984813011332","authorId":3580984813011332,"name":"WKB","avatar":"https://static.itradeup.com/news/61aaa43602e6cbc5c092a0b5d2f80e0c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170923309,"type":1,"supId":0,"prevId":0,"content":"Me too","text":"Me too","html":"Me too"},{"id":5235413,"gmtCreate":1626400736907,"gmtModify":1663231039235,"authorId":3574906731000207,"author":{"id":3574906731000207,"idStr":"3574906731000207","authorId":3574906731000207,"name":"SSVC","avatar":"https://static.tigerbbs.com/545a5ea462ff4ac7cc100bd3d8d97f72","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170923309,"type":1,"supId":5235364,"prevId":0,"content":"[Strong][ShakeHands]","text":"[Strong][ShakeHands]","html":"[Strong][ShakeHands]"}],"langContent":"EN"},{"id":170920035,"gmtCreate":1626400285527,"gmtModify":1703759403232,"author":{"id":"3578451349447391","authorId":"3578451349447391","name":"henghm","avatar":"https://static.tigerbbs.com/ca41bf4eae57d98d93422d97c7246c98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3578451349447391","authorIdStr":"3578451349447391"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170920035","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235339,"gmtCreate":1626400363438,"gmtModify":1635228127772,"authorId":3582770069606941,"author":{"id":3582770069606941,"idStr":"3582770069606941","authorId":3582770069606941,"name":"terryvstitch","avatar":"https://static.tigerbbs.com/7a0184a6e9d86edb86f52e47b7268432","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170920035,"type":1,"supId":0,"prevId":0,"content":"<u>Like</u>","text":"<u>Like</u>","html":"<u>Like</u>"}],"langContent":"EN"},{"id":170960186,"gmtCreate":1626399889845,"gmtModify":1703759390146,"author":{"id":"3575009081709881","authorId":"3575009081709881","name":"Gamestonk","avatar":"https://static.tigerbbs.com/0fca263e180995788f829a20ba7eb602","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575009081709881","authorIdStr":"3575009081709881"},"htmlText":"&nbsp;Of course the price thumble after good news… nice time for HF to take profits and re-enter at a later stage&nbsp;","listText":"&nbsp;Of course the price thumble after good news… nice time for HF to take profits and re-enter at a later stage&nbsp;","text":"Of course the price thumble after good news… nice time for HF to take profits and re-enter at a later stage","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/170960186","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":170988070,"gmtCreate":1626399674590,"gmtModify":1703759380109,"author":{"id":"4087996122770160","authorId":"4087996122770160","name":"Timevestor","avatar":"https://community-static.tradeup.com/news/c445ff3f9f42cdd220e3e38056182334","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087996122770160","authorIdStr":"4087996122770160"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/170988070","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5238012,"gmtCreate":1626422891349,"gmtModify":1663231052243,"authorId":3558221190146484,"author":{"id":3558221190146484,"idStr":"3558221190146484","authorId":3558221190146484,"name":"NongTrading","avatar":"https://static.tigerbbs.com/fee23ce4cee8d2dffe3e975798ce16c9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170988070,"type":1,"supId":0,"prevId":0,"content":"[Shy]","text":"[Shy]","html":"[Shy]"},{"id":5235608,"gmtCreate":1626401695864,"gmtModify":1663231041845,"authorId":3577464386301571,"author":{"id":3577464386301571,"idStr":"3577464386301571","authorId":3577464386301571,"name":"kelvinseech","avatar":"https://static.tigerbbs.com/fa4b33df37044967fd669e37ffd98983","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170988070,"type":1,"supId":0,"prevId":0,"content":"like and comment <u>pls</u>","text":"like and comment <u>pls</u>","html":"like and comment <u>pls</u>"}],"langContent":"EN"},{"id":170983235,"gmtCreate":1626399632527,"gmtModify":1703759378008,"author":{"id":"3570751249933438","authorId":"3570751249933438","name":"edgetrader","avatar":"https://static.tigerbbs.com/7d0e920d94a7891f4c6393f3e5510ccc","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3570751249933438","authorIdStr":"3570751249933438"},"htmlText":"Buy or sell tsmc?","listText":"Buy or sell tsmc?","text":"Buy or sell tsmc?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170983235","repostId":1199782604,"repostType":4,"repost":{"id":"1199782604","kind":"news","pubTimestamp":1626399408,"share":"https://ttm.financial/m/news/1199782604?lang=&edition=fundamental","pubTime":"2021-07-16 09:36","market":"us","language":"en","title":"TSMC Shares Tumble As Margin Concerns Outweigh Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1199782604","media":"Bloomberg","summary":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more ","content":"<ul>\n <li>Third-quarter margin guidance a disappointment: Morgan Stanley.</li>\n <li>Chipmaker said sales will rise more than 20% in 2021.</li>\n</ul>\n<p>Taiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.</p>\n<p>The stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.</p>\n<p>TSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.</p>\n<p>“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase</p>\n<p>in depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”</p>\n<p>The disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.</p>\n<p>Someanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.</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 Shares Tumble As Margin Concerns Outweigh Strong Demand</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 Shares Tumble As Margin Concerns Outweigh Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?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/news/articles/2021-07-16/tsmc-tumbles-as-margin-concerns-outweigh-strong-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199782604","content_text":"Third-quarter margin guidance a disappointment: Morgan Stanley.\nChipmaker said sales will rise more than 20% in 2021.\n\nTaiwan Semiconductor Manufacturing Co.shares dropped the most in two months after its gross margins disappointed investors who had banked on the chipmaker to benefit from the ongoing chip shortage.\nThe stock fell as much as 3.9% in Taipei trading Friday, snapping four days of gains. Gross margin for the second quarter was 50%, below the roughly 51% average predicted by analysts, in part because of the appreciation in the Taiwan dollar during the period. For the September quarter, TSMC forecast gross margin of 49.5% to 51.5%. Analysts from Morgan Stanley called the third-quarter guidance a “disappointment,” warning that gross margins could fall below 50% as early as next year.\nTSMC, the world’s largest contract manufacturer, has faced increasing pressure to boost capacity to help alleviate a supply crunch that has plagued the automobile and other industries. The Taiwanese company earlier this year pledged to spend $100 billion over three years to build new fabs and invest in more advanced nodes, as rivals likeIntel Corp.andSamsung Electronics Co.seek to catch up. TSMC executives on Thursday also revealed for the first time that the chipmaker was weighing plans for a fabrication plant in Japan.\n“We still believe at some point in 2022 and 2023, TSMC’s gross margin will fall below 50% given the steep increase\nin depreciation cost, while the company doesn’t seem to be demonstrating pricing power,” Morgan Stanley analysts led by Charlie Chan wrote in a note after the earnings. “Or, simply as indicated, Moore’s Law is just getting too expensive while TSMC will have to suffer margin erosion to keep the chip scaling trend going.”\nThe disappointing margins overshadowed a raised sales projection based on its central role in alleviating a global chip crunch that’s plaguing automakers and device manufacturers. TSMC said sales this year will rise more than 20%, a slight increase from a previous forecast for 20% growth in full-year sales. Revenue in the current quarter may rise to between $14.6 billion and $14.9 billion, in line with the $14.7 billion average of analyst estimates.\nSomeanalysts saidTSMC had failed to meet outsized expectations. The results “beat our conservative estimates but missed consensus” due to “excessive” expectations for gross margins, Needhamwrotein a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5235587,"gmtCreate":1626401606700,"gmtModify":1663231042848,"authorId":3556014229499035,"author":{"id":3556014229499035,"idStr":"3556014229499035","authorId":3556014229499035,"name":"ngckkk","avatar":"https://static.tigerbbs.com/d1e114dfd4580625c8151f1dd0b330fc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":170983235,"type":1,"supId":0,"prevId":0,"content":"sell and wait for lower price","text":"sell and wait for lower price","html":"sell and wait for lower price"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":79,"commentSize":17,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}