31–40 of 119 posts
Earlier quoted context omitted.
TSMC don't sell software products
They weren't implying that, see the quote they included. OP said they hadn't seen profit margins this high, and the reply indicates that it's not uncommon to see software even higher. It's just a useful tidbit, related to the point they specifically quoted.
Earlier quoted context omitted.
Their stock is falling because of future demand issues coming up with the whole semiconductor industry. Just this week, expanded export bans to China were announced and are an uncertainty on how much volume will be impacted in the future, because no one knows what will get an exemption or not.
The U.S. position on the entire Chinese semiconductor industry is getting increasingly ridiculous. It's not just chips, since China is the one country that's developed efficient monocrystalline silicon ingot production at scale, and solar panels made with that material are far superior to anything made in the USA currently. The USA's financialized short-term thinking has resulted in a failure to develop basic technol…
This move might delay it happening by a few months. Combine with lots of other small moves, and the USA might get another few years of world superpower status, even if the moves hurt both countries in the end.
Earlier quoted context omitted.
Their stock is falling because of future demand issues coming up with the whole semiconductor industry. Just this week, expanded export bans to China were announced and are an uncertainty on how much volume will be impacted in the future, because no one knows what will get an exemption or not.
The U.S. position on the entire Chinese semiconductor industry is getting increasingly ridiculous. It's not just chips, since China is the one country that's developed efficient monocrystalline silicon ingot production at scale, and solar panels made with that material are far superior to anything made in the USA currently. The USA's financialized short-term thinking has resulted in a failure to develop basic technol…
> Gross margin for the quarter was 60.4%, operating margin was 50.6%, and net profit margin was 45.8%. Still surprised how profitable TSMC is. Especially as this seems to be below the market expectations (their stock is still falling).
I wonder how capex is factored into this. If at some point they dropped a few tens of $B on the fab upgrade, and likely need to do so again soon, when does that get subtracted from profits?
Earlier quoted context omitted.
Their stock is falling because of future demand issues coming up with the whole semiconductor industry. Just this week, expanded export bans to China were announced and are an uncertainty on how much volume will be impacted in the future, because no one knows what will get an exemption or not.
The U.S. position on the entire Chinese semiconductor industry is getting increasingly ridiculous. It's not just chips, since China is the one country that's developed efficient monocrystalline silicon ingot production at scale, and solar panels made with that material are far superior to anything made in the USA currently. The USA's financialized short-term thinking has resulted in a failure to develop basic technol…
What's the US Dollar used in that type of document ? Nominal US Dollar or some inflation-adjusted value like 1990 US Dollar ?
NT$ = New Taiwan Dollar, the currency of Taiwan
Earlier quoted context omitted.
The U.S. position on the entire Chinese semiconductor industry is getting increasingly ridiculous. It's not just chips, since China is the one country that's developed efficient monocrystalline silicon ingot production at scale, and solar panels made with that material are far superior to anything made in the USA currently. The USA's financialized short-term thinking has resulted in a failure to develop basic technol…
It's a move part of the bigger world picture. A large chunk of experts see China as the likely next world superpower. The USA, current world superpower, probably can't prevent that happening, but they can make moves to delay it. This move might delay it happening by a few months. Combine with lots of other small moves, and the USA might get another few years of world superpower status, even if the moves hurt both cou…
We'll see.
Lots of people thought Japan would overtake the US as well, and that didn't exactly pan out.
China has some real problems between the legacy of their one child policy and their current real estate investment crisis. It's certainly possible that they overcome those issues, but it's far from guaranteed.
When the world population is ~ 8 billion people, thats only a little over $2 per person spent at TSMC in Q3. Which really doesn't seem like much for the company that makes the most expensive part of gadgets nearly everyone has.
I doubt more than 30% owns their advanced hardware e.g hardware created after 2017
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That's a partial accounting. The customer can sustainably afford to pay in proportion to the value it delivers to them , not TSMC. Apple has a finely tuned machine for turning performance into profits, and so can afford to pay more than others... and still have it make sense for Apple. If TSMC instead had a collection of automotive OEMs as their top-tier customers, this math wouldn't work. The point being... be in a…
Apple's gross margin is significantly lower than that of TSMC. everything else is just cheap talk.
Earlier quoted context omitted.
Their stock is falling because of future demand issues coming up with the whole semiconductor industry. Just this week, expanded export bans to China were announced and are an uncertainty on how much volume will be impacted in the future, because no one knows what will get an exemption or not.
The U.S. position on the entire Chinese semiconductor industry is getting increasingly ridiculous. It's not just chips, since China is the one country that's developed efficient monocrystalline silicon ingot production at scale, and solar panels made with that material are far superior to anything made in the USA currently. The USA's financialized short-term thinking has resulted in a failure to develop basic technol…
It's a terrible thing that none of us wants, but happens anyways.