TSMC’s 2021Q4 revenue growth may decrease

Recently many investment institutions are optimistic about TSMC, including investment banks JPMorgan Chase, Citigroup, HSBC, etc. The analysis report generally believes that with the increase in chip order prices from 2022, the world’s strong demand for the semiconductor industry, coupled with TSMC’s leading manufacturing technology, as well as good packaging technology and a strong wafer ecosystem, revenue will increase significantly in the next few years.

Compared with these high-profile forecasts, some people are also pessimistic. According to United Daily News (UDN), in the fourth quarter of this year, TSMC’s orders may decrease, which will cause TSMC’s revenue growth rate in the fourth quarter to drop from the predicted 10% to 5%. The problem lies in the N5 and N7 process nodes, Apple and MediaTek may reduce the number of orders for related products. Apple is reducing orders for processors used in the previous generation of iPhone, and MediaTek is reducing orders for 5G modems. However, the report did not mention the specific source of the analysis report, but only known that it was an investment institution from the United States.

The report also analyzes the market conditions of products such as smartphones, TVs, and computers to determine the demand prospects of related chips. Of course, the demand for computing and graphics is still very strong. Nvidia Ampere architecture GPU and AMD RDNA 2 architecture GPU are still in short supply.