3nm工艺太贵 台积电被投行看衰：失去关键优势

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3nm工艺太贵台积电被投行看衰：失去关键优势

快科技2021-06-21

作为全球第一大晶圆代工厂，尤其是率先量产了先进的7nm、5nm工艺之后，台积电已经成为影响全球半导体产业的重要一环。接下来台积电还会量产3nm工艺，然而海外投资者这时候看衰台积电，认为3nm节点太贵，台积电将失去关键优势。　　台积电现在业绩正佳，不少投行都是看好未来的，但也有投行发表了相反的看法，认为台积电被高估了，将其股价评级为中性，目标股价下调到580新台币，比其他同行的目标价少了20%左右。...

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ChingYee
·2021-06-21
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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\">\n3nm工艺太贵 台积电被投行看衰：失去关键优势\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 21:06 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202106211968286769.html><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作为全球第一大晶圆代工厂，尤其是率先量产了先进的7nm、5nm工艺之后，台积电已经成为影响全球半导体产业的重要一环。接下来台积电还会量产3nm工艺，然而海外投资者这时候看衰台积电，认为3nm节点太贵，台积电将失去关键优势。　　台积电现在业绩正佳，不少投行都是看好未来的，但也有投行发表了相反的看法，认为台积电被高估了，将其股价评级为中性，目标股价下调到580新台币，比其他同行的目标价少了20%左右。...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202106211968286769.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/975836d8c6eb511241583dccb0d387f2","relate_stocks":{"TSM":"台积电","03145":"华夏亚洲高息股","EWT":"台湾ETF-iShares MSCI"},"source_url":"http://finance.eastmoney.com/a/202106211968286769.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145080778","content_text":"作为全球第一大晶圆代工厂，尤其是率先量产了先进的7nm、5nm工艺之后，台积电已经成为影响全球半导体产业的重要一环。接下来台积电还会量产3nm工艺，然而海外投资者这时候看衰台积电，认为3nm节点太贵，台积电将失去关键优势。　　台积电现在业绩正佳，不少投行都是看好未来的，但也有投行发表了相反的看法，认为台积电被高估了，将其股价评级为中性，目标股价下调到580新台币，比其他同行的目标价少了20%左右。　　台积电被看衰的一个重要因素就是3nm工艺，原来台积电预计2022年量产3nm工艺，最近有传闻说是会延期，不过就算没有延期，3nm工艺巨大的投资也会提高成本，导致台积电的代工承压，失去了关键性的议价优势，它们的毛利率在2022-2023年会跌破50%，低于预期的52%。　　除了3nm成本问题之外，台积电的先进工艺还会受到其他技术的影响，比如业界正在采纳的3D芯片封装，通过这种技术也可以降低能耗，而不再是单纯依赖工艺微缩，台积电3nm甚至未来的2nm工艺需求也会减少。（文章来源：快科技）","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4977459,"gmtCreate":1624457616017,"gmtModify":1663229824849,"authorId":3558300746906714,"author":{"id":3558300746906714,"authorId":3558300746906714,"name":"wmpek","avatar":"https://community-static.tradeup.com/news/32a930aca5c68694794e2dbcaab493f5","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.43%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167747714,"type":1,"supId":0,"prevId":0,"content":"[Speechless]","text":"[Speechless]","html":"[Speechless]"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}

3nm工艺太贵 台积电被投行看衰：失去关键优势

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3nm工艺太贵台积电被投行看衰：失去关键优势