TSMC achieved net profit in the second quarter of net profit exceeding 8.5 billion US dollars high -performance computing business revenue accounted for more than smartphones

On July 14, the fabral foundry leader TSMC (TSM, a stock price of $ 81.56, a market value of US $ 423.2 billion) released the second quarter financial report as of the end of June. 8504 billion US dollars, an increase of 76.4%year -on -year.

The growth of TSMC's revenue comes from the full -load of advanced process capacity. From the perspective of the process classification, the 5 -nanometer process accounted for 21%of the wafer sales in the second quarter. The same period of the previous year was 18%, and the revenue proportion was further increased. 30%, 31%in the same period last year. The two account for 51%.

In fact, although Samsung and Intel are attacking the wafer foundry, TSMC has maintained the top and continued to grow in the current market. Regarding the progress of advanced process that has attracted much attention from the outside world, at the performance meeting, Wei Zhejia, President of TSMC, said that the company's 3 -nanometer process will be mass -produced in the second half of this year and will contribute revenue in the first half of next year. Trial production, mass production in 2025.

Image source: Visual China-VCG111354694573

Divided by product type, TSMC's high -performance calculation (HPC) business has grown strongly, and the proportion of revenue in the second quarter has reached 43%(41%in the first quarter); while the proportion of revenue in the field of smartphone continues to decline, and the proportion of revenue in the second quarter decreased. To 38%(40%in the first quarter). In the first half of 2022, HPC's proportion has surpassed smartphones, which is also a manifestation of the global digital trend, which means that the demand for data centers and servers for computing chips is still increasing.

In addition, the current proportion of TSMC's electronics and the Internet of Things business is still small, and the proportion of revenue in the second quarter was 5%and 8%, respectively.

Looking forward to revenue in the third quarter of 2022, TSMC's management is expected to be from 19.8 billion US dollars to $ 20.6 billion, with an average value of about 20.2 billion US dollars, an estimated increase of about 11.2%, surpassing the average value of 6%to 8%in the market expectations.

Wei Zhejia also said that in the next few years, TSMC can reach 15%to 20%of the compound annual growth rate (CAGR), of which HPC is the company's main long -term growth momentum.

For this year's capital expenditure, TSMC's previous expectations will reach a record high of 40 billion US dollars to $ 44 billion, but the latest statement of Liu Deyin, chairman of TSMC, is that the capital expenditure in 2022 will be closer to the lower limit of the forecast range ($ 40 billion).

In addition, due to the urgent needs of customers, TSMC has also continuously expanded special process capital expenditures. According to TSMC's official website, special processes include micro -electromechanical (MEMS), CMOS image sensing element (CIS), analog components (Analog), embedded pop -up memory (EFLASH), mixed signals/radio frequency components, high -voltage components, etc.

After the financial report was released, TSMC rose slightly. However, due to investors' concerns about the semiconductor industry, TSMC's stock price has fallen by more than 30%this year.

Daily Economic News

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