Taiwan Semi has kept its top spot thanks to AI. But Samsung is lurking.

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Taiwan Semi has kept its top spot thanks to AI. But Samsung is lurking.

seekingalpha09-26 20:35

Taiwan Semiconductor (NYSE:TSM) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence. Despite perception, Samsung (...

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shihlonchen
·09-27 01:29
Samsung will be the next Intel.
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Despite perception, Samsung (...</p>\n\n<a href=\"https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out\">Source Link</a>\n\n</div>\n","source":"seekingalpha","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>Taiwan Semi has kept its top spot thanks to AI. 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But Samsung is lurking.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-26 20:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Taiwan Semiconductor (NYSE:TSM) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence.  Despite perception, Samsung (...</p>\n\n<a href=\"https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823414478.USD","symbol_name":"法巴经典能源转换基金","start_time":0,"source_url":"https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out","article_id":"2470736510","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1394745676/image_1394745676.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470736510","pubTimestamp":1727354111,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Taiwan Semiconductor (NYSE:TSM) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence.  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Despite perception, Samsung (OTCPK:SSNLF) may not be losing out completely. \"Unlike its peers, TSMC got incredibly better at focusing its R&D with such intense efficiency that it was able to pack in more transistors on chips that were getting smaller with each passing year, and TSMC was doing it at a rate that was unmatched by any of its peers,\" Seeking Alpha Analyst Uttam Dey said. \"This allowed TSMC to keep competing on what is called 'the leading edge' or process node technology that many fabs [chip plants] like TSMC’s peers strive to achieve.\" Apple (NASDAQ:AAPL) uses TSM's chips to make its processors for iPhones. The iPhone 16 models have a 3-nanometer A18 chip made by TSM. The phones, along with the iPhone 15 line, can utilize Apple's AI tool, Apple Intelligence, with the first features coming next month.  TSM is currently in full volume production on the 3nm process, and is set to start mass production on 2nm nodes in 2025. The company is also more advanced than its peers in terms of semiconductor packaging. \"That’s the whole reason why companies that are known for making some of the best computing chips in the world - Apple, Nvidia, Broadcom, Qualcomm & AMD are all clients of TSMC and account for over half of TSMC's revenue,\" Dey said. It's also why they'll keep securing TSM's manufacturing capacity over the next two to three years, he added. Samsung revival? Despite Taiwan Semiconductor's prowess, Samsung is not that far behind, at least in terms of technology. The South Korean technology giant intends to use its latest 3nm chip processing technology to make its next Galaxy line-up of smartphones and smartwatches. Samsung is expected to use a home-grown 3nm Exynos W1000 AP chip for Galaxy S25 smartphone, anticipated early next year. The Galaxy Watch7, unveiled in July, features the Exynos W1000, Samsung's first wearable application processor to use the 3-nm gate-all-around process. Samsung's current Galaxy S24 Ultra's AI features are powered by Qualcomm's (QCOM) Snapdragon 8 Gen 3 processor chipset. \"But it's not like fabs like Samsung & SK Hynix are completely losing out,\" Dey stated. \"These fabs have taken a larger share of the memory market. It just doesn't get that much traction because it's more cyclical commoditized than the overall chip production market.\"  In addition, more money is spent on the leading-edge side of production, which is why fabs like TSM and its clients command such high operating margins — \"these companies operate their business in excess of 40% GAAP margins, which is just incredible,\" Dey explained. Nonetheless, Samsung's foundry is behind Taiwan Semiconductor. TSM's market share was 62% in the second quarter of 2024, compared to 13% for Samsung Foundry, according to data from Counterpoint Research. \"I would not say Samsung is well behind,\" said Lucas Ma of Envision Research, Investing Group Leader for Envision Early Retirement. \"However, I am certainly more bullish on TSM. The foundry business is where experience matters a lot.\"  By having a larger market share and working with leading clients such as Apple and Nvidia, TSM gets to experience a wider range of manufacturing processes and customer needs and thus is more likely to stay ahead, Ma added. Samsung is not a pure foundry player such as TSM, and its other segments may not see the same margin and growth potential like its foundry division, Ma said, adding potential investors should not like Samsung automatically because of its much lower price-to-earnings ratio.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":353622521372896,"gmtCreate":1727371776021,"gmtModify":1727371779471,"author":{"id":"3572535866790814","authorId":"3572535866790814","authorIdStr":"3572535866790814","name":"shihlonchen","avatar":"https://static.tigerbbs.com/6b7848d7bddfe597ebfe5ce8085d5ae3","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3572535866790814"},"htmlText":"Samsung will be the next Intel.&nbsp;","listText":"Samsung will be the next Intel.&nbsp;","text":"Samsung will be the next Intel.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353622521372896","repostId":2470736510,"repostType":2,"repost":{"id":"2470736510","pubTimestamp":1727354111,"share":"https://ttm.financial/m/news/2470736510?lang=&edition=fundamental","pubTime":"2024-09-26 20:35","market":"hk","language":"en","title":"Taiwan Semi has kept its top spot thanks to AI. But Samsung is lurking.","url":"https://stock-news.laohu8.com/highlight/detail?id=2470736510","media":"seekingalpha","summary":"Taiwan Semiconductor (NYSE:TSM) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence.  Despite perception, Samsung (O","content":"<html><body><p>Taiwan Semiconductor (<span>NYSE:TSM</span>) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence. </p> <p>Despite perception, Samsung (OTCPK:SSNLF) may not be losing out completely.</p> <p>\"Unlike its peers, TSMC got incredibly better at focusing its R&amp;D<span> with such intense efficiency that it was able to pack in more transistors on chips that were getting smaller with each passing year, and TSMC was doing it at a rate that was unmatched by any of its peers,\" Seeking Alpha Analyst </span>Uttam Dey<span> said. \"This allowed TSMC to keep competing on what is called 'the leading edge' or process node technology that many fabs [chip plants] like TSMC’s peers strive to achieve.\"</span></p> <p>Apple (<span>NASDAQ:AAPL</span>) uses TSM's chips to make its processors for iPhones. The iPhone 16 models have a 3-nanometer A18 chip made by TSM. The phones, along with the iPhone 15 line, can utilize Apple's AI tool, Apple Intelligence, with the first features coming next month. </p> <p>TSM is currently in full volume production on the 3nm process, and is set to start mass production on 2nm nodes in 2025. The company is also more advanced than its peers in terms of semiconductor packaging.</p> <p>\"That’s the whole reason why companies that are known for making some of the best computing chips in the world - Apple, Nvidia, Broadcom, Qualcomm &amp; AMD are all clients of TSMC and account for over half of TSMC's revenue,\" Dey said. It's also why they'll keep securing TSM's manufacturing capacity over the next two to three years, he added.</p> <h2>Samsung revival?</h2> <p>Despite Taiwan Semiconductor's prowess, Samsung is not that far behind, at least in terms of technology.</p> <p>The South Korean technology giant intends to use its latest 3nm chip processing technology to make its next Galaxy line-up of smartphones and smartwatches. Samsung is expected to use a home-grown 3nm Exynos W1000 AP chip for Galaxy S25 smartphone, anticipated early next year.</p> <p>The Galaxy Watch7, unveiled in July, features the Exynos W1000, Samsung's first wearable application processor to use the 3-nm gate-all-around process. Samsung's current Galaxy S24 Ultra's AI features are powered by Qualcomm's (QCOM) Snapdragon 8 Gen 3 processor chipset.</p> <p>\"But it's not like fabs like Samsung &amp; SK Hynix are completely losing out,\" Dey stated. \"These fabs have taken a larger share of the memory market. It just doesn't get that much traction because it's more cyclical commoditized than the overall chip production market.\" </p> <p>In addition, more money is spent on the leading-edge side of production, which is why fabs like TSM and its clients command such high operating margins — \"these companies operate their business in excess of 40% GAAP margins, which is just incredible,\" Dey explained.</p> <p>Nonetheless, Samsung's foundry is behind Taiwan Semiconductor. TSM's market share was 62% in the second quarter of 2024, compared to 13% for Samsung Foundry, according to data from Counterpoint Research.</p> <p>\"I would not say Samsung is well behind,\" said Lucas Ma of Envision Research, Investing Group Leader for Envision Early Retirement. \"However, I am certainly more bullish on TSM. The foundry business is where experience matters a lot.\" </p> <p>By having a larger market share and working with leading clients such as Apple and Nvidia, TSM gets to experience a wider range of manufacturing processes and customer needs and thus is more likely to stay ahead, Ma added.</p> <p>Samsung is not a pure foundry player such as TSM, and its other segments may not see the same margin and growth potential like its foundry division, Ma said, adding potential investors should not like Samsung automatically because of its much lower price-to-earnings ratio.</p> </body></html>","source":"seekingalpha","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>Taiwan Semi has kept its top spot thanks to AI. But Samsung is lurking.</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\">\nTaiwan Semi has kept its top spot thanks to AI. But Samsung is lurking.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-26 20:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Taiwan Semiconductor (NYSE:TSM) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence.  Despite perception, Samsung (...</p>\n\n<a href=\"https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1394745676/image_1394745676.jpg","relate_stocks":{"LU0823414478.USD":"法巴经典能源转换基金","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4515":"5G概念","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","BK4571":"数字音乐概念","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","BK4585":"ETF&股票定投概念","BK4507":"流媒体概念","BK4576":"AR","SSNLF":"三星电子","BK4575":"芯片概念","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4501":"段永平概念","BK4579":"人工智能","TSM":"台积电","BK4588":"碎股","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","BK4141":"半导体产品","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","03145":"华夏亚洲高息股","BK4503":"景林资产持仓","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","BK4574":"无人驾驶","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","AAPL":"苹果","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4573":"虚拟现实","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","BK4505":"高瓴资本持仓","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","BK4581":"高盛持仓","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","BK4170":"电脑硬件、储存设备及电脑周边","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC"},"source_url":"https://seekingalpha.com/news/4152766-taiwan-semiconductor-leads-the-way-in-chip-making-filed-but-samsung-not-losing-out","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2470736510","content_text":"Taiwan Semiconductor (NYSE:TSM) is the undisputed leader in semiconductor manufacturing, thanks to its leading edge capabilities, especially in artificial intelligence.  Despite perception, Samsung (OTCPK:SSNLF) may not be losing out completely. \"Unlike its peers, TSMC got incredibly better at focusing its R&D with such intense efficiency that it was able to pack in more transistors on chips that were getting smaller with each passing year, and TSMC was doing it at a rate that was unmatched by any of its peers,\" Seeking Alpha Analyst Uttam Dey said. \"This allowed TSMC to keep competing on what is called 'the leading edge' or process node technology that many fabs [chip plants] like TSMC’s peers strive to achieve.\" Apple (NASDAQ:AAPL) uses TSM's chips to make its processors for iPhones. The iPhone 16 models have a 3-nanometer A18 chip made by TSM. The phones, along with the iPhone 15 line, can utilize Apple's AI tool, Apple Intelligence, with the first features coming next month.  TSM is currently in full volume production on the 3nm process, and is set to start mass production on 2nm nodes in 2025. The company is also more advanced than its peers in terms of semiconductor packaging. \"That’s the whole reason why companies that are known for making some of the best computing chips in the world - Apple, Nvidia, Broadcom, Qualcomm & AMD are all clients of TSMC and account for over half of TSMC's revenue,\" Dey said. It's also why they'll keep securing TSM's manufacturing capacity over the next two to three years, he added. Samsung revival? Despite Taiwan Semiconductor's prowess, Samsung is not that far behind, at least in terms of technology. The South Korean technology giant intends to use its latest 3nm chip processing technology to make its next Galaxy line-up of smartphones and smartwatches. Samsung is expected to use a home-grown 3nm Exynos W1000 AP chip for Galaxy S25 smartphone, anticipated early next year. The Galaxy Watch7, unveiled in July, features the Exynos W1000, Samsung's first wearable application processor to use the 3-nm gate-all-around process. Samsung's current Galaxy S24 Ultra's AI features are powered by Qualcomm's (QCOM) Snapdragon 8 Gen 3 processor chipset. \"But it's not like fabs like Samsung & SK Hynix are completely losing out,\" Dey stated. \"These fabs have taken a larger share of the memory market. It just doesn't get that much traction because it's more cyclical commoditized than the overall chip production market.\"  In addition, more money is spent on the leading-edge side of production, which is why fabs like TSM and its clients command such high operating margins — \"these companies operate their business in excess of 40% GAAP margins, which is just incredible,\" Dey explained. Nonetheless, Samsung's foundry is behind Taiwan Semiconductor. TSM's market share was 62% in the second quarter of 2024, compared to 13% for Samsung Foundry, according to data from Counterpoint Research. \"I would not say Samsung is well behind,\" said Lucas Ma of Envision Research, Investing Group Leader for Envision Early Retirement. \"However, I am certainly more bullish on TSM. The foundry business is where experience matters a lot.\"  By having a larger market share and working with leading clients such as Apple and Nvidia, TSM gets to experience a wider range of manufacturing processes and customer needs and thus is more likely to stay ahead, Ma added. Samsung is not a pure foundry player such as TSM, and its other segments may not see the same margin and growth potential like its foundry division, Ma said, adding potential investors should not like Samsung automatically because of its much lower price-to-earnings ratio.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}