Buzz
TSMC recently announced its Q3 performance. The semiconductor manufacturing giant in Taiwan recorded a revenue of 546.73 billion NTD, a profit of 211 billion NTD, and earnings per share of 8.14 NTD (equivalent to 1.29 USD/ADR). Compared to the preceding Q2/2023, TSMC saw a 13.7% increase in revenue and a 16.1% rise in profit.In 2023, overall, it has been a challenging year for the semiconductor market. Q3 revenue declined by 14.6% compared to the same period in 2022 (17.28 billion USD), yet it increased by 10.2% compared to Q2/2023. The profit margin reached 54.3%, pre-tax profit was 41.7%, and post-tax profit was 38.6%. In terms of product breakdown, revenue from 3nm wafers accounted for only 6%, while 5nm wafers contributed 37%, and 7nm held 16%. These three latest semiconductor processes collectively made up 59%, with the older processes covering the remaining share.
Despite surpassing TSMC's previous expectations, these figures are considered a setback as the company experiences its deepest profit decline in nearly five years. This can be understood as customer demand has decreased significantly, influenced by global economic and political uncertainties. Although the booming demand for AI chips has somewhat boosted TSMC's revenue, it hasn't been sufficient to fill the overall semiconductor order gap.Looking ahead to the upcoming Q4, TSMC aims to focus on accelerating the production schedule for 3nm wafers to improve its business outlook. The company anticipates Q4/2023 revenue to range between 18.8 ~ 19.6 billion USD (using an exchange rate of 1 USD = 32 NTD).TSMC
