TSMC said that the meeting will be held on July 14, and the market will focus on the progress of 3nm mass production, etc.

IT House July 10 news, Taiwan’s “Economic Daily” said that TSMC’s legal meeting is scheduled to be held on the 14th, and the market will focus on the third-quarter growth outlook, domestic and overseas expansion, and 3-nanometer mass production progress.

Last week, TSMC announced its June revenue report. TSMC’s June revenue was NT$175.874 billion, a 5.3% decrease from May, the second highest level of monthly revenue and an increase of 18.5% from the same period last year; Quarterly revenue was 534.141 billion yuan, an increase of 8.76% over the first quarter, a record high in a single quarter, and better than expected.

Although the performance of the whole quarter was still better than expected, the news of the monthly decrease still attracted the attention of the market.

Due to the pessimistic atmosphere, semiconductor analyst Lu Xingzhi called to TSMC, saying that this week, TSMC should not waste time reviewing past revenue figures, but should quickly focus on future prospects.

IT House learned that TSMC President Wei Zhejia pointed out earlier this year that the compound annual growth rate in the next few years will be 15-20%. However, as the economy faces headwinds in the second half of this year, consumer demand has plummeted, and factors such as inflation and the conflict between Russia and Ukraine are interfering. Whether TSMC will revise its outlook for the next few years is expected to become the focus of corporate attention.

According to a TrendForce survey, the foundry industry is experiencing a continuous wave of order cuts, and the first wave of order revisions comes from large-size driver ICs and touch panel sensor chips (TDDI).

TrendForce pointed out that the recent wave of PMIC (power management chip), CIS (CMOS image sensor), and some MCUs and SoCs for consumer applications has gradually emerged, and the capacity utilization rate of some foundries has started to decline from full load.

Looking forward to 2023, TrendForce believes that after a two-and-a-half-year shortage of chips, the increased penetration rate of 5G mobile phones, 5G base stations, electric vehicles, and cloud servers will continue to support the foundry’s capacity utilization rate in 2023. more than 90 percent.