Wafer foundry leader TSMC (2330-TW)(TSM-US) announced today (10) that the revenue in December last year was 192.56 billion yuan, a monthly decrease of 13.5%. 2.26 trillion yuan, an increase of 42.6%, a new high.
TSMC’s revenue fell below the 200 billion yuan mark in December last year, but it increased by 23.9% year-on-year; in the fourth quarter, its revenue was 625.532 billion yuan, an annual increase of 42.75%; last year’s revenue was 2 trillion and 263.891 billion yuan.
TSMC estimates that revenue in the fourth quarter will reach US$19.9-20.7 billion, converted to US$1New Taiwan dollar 31.5 yuan calculation,New Taiwan dollarThe revenue is estimated to reach 626.85-652.05 billion yuan, which is equivalent to a quarterly increase of 2.2-6.3%, and the gross profit rate is 61.5%, and both revenue and gross profit rate are expected to reach new highs.
Due to weakening customer demand, TSMC’s 7- and 6-nanometer production capacity utilization rates declined in the fourth quarter, but benefited from the continued increase in smartphone and high-efficiency computing applications’ demand for 5-nanometer, balancing the impact of customers’ continuous inventory adjustments , the fourth quarter performance is estimated to be flat.
Foreign investors believe that the wafer foundry industry will face the bottom of the business cycle in the first half of this year, and TSMC will not be spared. Affected by the continued weak demand for mobile phones and PCs, TSMC’s 7nm and 5nm capacity utilization rates in the first quarter may further deteriorate, respectively. It fell to 44-46%, 50-60%, and foreign investors generally estimate that the revenue in the first quarter will decrease by about 14-16%.
Foreign investors also predict that TSMC’s capital expenditure this year will drop to approximately US$30-32 billion due to the weakening demand outlook for 7nm and 5nm, and it is estimated that the second phase of the new US plant will not be installed until 2024.
TSMC’s Law Seminar will be held on Thursday (12th). The market will focus on four major issues, including annual outlook, capital expenditure, advanced manufacturing process progress, and global layout. .