AI demand remains strong! Taiwan Semiconductor's Q3 performance exceeded expectations across the board, with net income increasing by 54% year-on-year.
taiwan semiconductor's advanced process revenue accounted for a higher proportion in the third quarter compared to the previous quarter, accounting for 69% of total wafer revenue, up from 67% in the previous quarter, with 3-nanometer and 5-nanometer processes contributing a total of 52% of revenue in the third quarter.
taiwan semiconductor conference call: Full-year revenue is expected to grow by 30%, the demand for AI is real, and capital expenditures are likely to increase next year.
Taiwan Semiconductor indicated that capital expenditures in 2025 are likely to be higher than this year, while capital expenditures in 2024 will be slightly higher than $30 billion, previously estimated to be $30 billion to $32 billion. Regarding the rumors of acquiring Intel, Taiwan Semiconductor responded that they have no intention to acquire Intel fabs.
Nasdaq futures rose more than 1% before the market opened, taiwan semiconductor stunning performance boosting the technology sector | Tonight's Highlights
1. Taiwan Semiconductor's pre-market surge of nearly 9%, poised to reach a new historical high; 2. Nvidia rose over 3%, Broadcom, AMD rose by about 2.9%; 3. Intel responds to security concerns: will maintain communication with relevant departments; 4. Northwestern University in the usa sues Moderna for infringement of its LNP patent technology.
Behind the delay in Blackwell's shipments: Nvidia and Taiwan Semiconductor were exposed to "internal strife", one side blamed packaging technology, the other side claimed to be forced to rush.
Some NVIDIA engineers believe that the issues with the Blackwell chip partly stem from design flaws, while others believe they stem from taiwan semiconductor adopting a new technology for encapsulating different chips; Employees of taiwan semiconductor believe that NVIDIA rushed to complete the production process, not leaving enough time to resolve issues; When shareholders approached taiwan semiconductor about the delayed shipment of Blackwell, the investor relations department at taiwan semiconductor shifted the blame to NVIDIA. Although these issues are not enough to affect the nearly thirty-year partnership between the two companies, they highlight that while AI business is lucrative, the pressure NVIDIA puts on taiwan semiconductor is increasing.
US stock market outlook: Retail sales in September exceeded expectations, with the three major futures indices edging up slightly; strong performance! taiwan semiconductor surged more than 9% in pre-market trading, expected to open above $200 to achieve a
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Asml Holding (ASML.US) collapsed AI? Taiwan Semiconductor (TSM.US) is coming to the scene!
Taiwan Semiconductor (TSM.US) released the third quarter financial report of 2024 pre-market trading on the afternoon of October 17, 2024 Beijing time (as of September 2024).