TSMC has lowered its foundry quotations in the next few quarters, industry insiders say

According to industry insiders, TSMC has lowered its foundry quotations in the next few quarters. This is due to a lack of order visibility and customer order motivation

TSMC was founded in 1987 as a foundry semiconductor manufacturing plant. The company's customers include Apple, Qualcomm, Huawei, etc.

In early June this year, news came out in the market that the company had planned to increase its advanced process quotation in 2024, and had successively completed negotiations with a number of large customers. Communication, the probability of price increase is quite high. Now, with sluggish demand, the company's traditionally high prices are no longer sustainable.

Last week, it was reported that TSMC and its subsidiary World Advanced, which produces automotive chips, had lowered foundry prices for 8-inch wafers by up to 30% due to sluggish demand and market competition.

In terms of performance, due to the decline in demand for consumer electronics products, the company's consolidated revenue in the first quarter of this year was NT$508.63 billion, a year-on-year increase of 3.6%, and a month-on-month decrease of 18.7%; net profit was only NT$508.63 billion year-on-year. It grew 2.1%, the smallest quarterly growth in nearly four years.

In the second quarter, the company's consolidated revenue was approximately NT$480.8 billion, a year-on-year decrease of approximately 10%; net profit was NT$181.8 billion, a year-on-year decrease of 23.3%. The company's revenue and net profit fell lower than the 14% and 27% previously predicted by analysts. Advertising statement: The external jump links contained in the article (including but not limited to hyperlinks, QR code, password, etc.), used to convey more information and save selection time. The results are for reference only. All articles on this site include this statement.

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