TSMC Reports First-Quarter Profits Beat, Lowers Global Semiconductor Industry Growth Forecast

Taipei, Taiwan Taiwan, Province of China[a]
Continued demand for advanced chips, particularly those used in AI applications
TSMC expects 2024 revenue to rise in the low- to mid-20% range in US dollar terms
TSMC is a major supplier to Apple and Nvidia
TSMC leaves capital spending plans unchanged at between $28 billion and $32 billion
TSMC lowers global semiconductor industry growth forecast to mid-to-high teens percentage gain
TSMC reports first-quarter profits that beat estimates
TSMC Reports First-Quarter Profits Beat, Lowers Global Semiconductor Industry Growth Forecast

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, reported first-quarter profits that beat estimates on Thursday. The company attributed the strong results to continued demand for advanced chips, particularly those used in artificial intelligence applications. TSMC's shares slid nearly 7% in Taipei on Friday following the release of its first-quarter earnings report, which saw it lower its outlook for global semiconductor industry growth and not revise up its capital spending plans as some had expected. The company left its capital spending plans for this year unchanged at between $28 billion and $32 billion and reiterated that it expects 2024 revenue to rise in the low- to mid-20% range in U.S. dollar terms. TSMC, a major supplier to Apple and Nvidia, also downgraded its growth forecast for the global foundry sector to a mid-to-high teens percentage gain from a previous projection of around 20%. The company faces challenges related to resources such as land, water, power and talent.


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Confidence

85%

Doubts
  • Is the continued demand for advanced chips, particularly those used in AI applications, sustainable?
  • What specific challenges related to resources is TSMC facing?

Sources

93%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

TSMC's shares slide nearly 7% in Taipei on global chip outlook concerns

Yahoo Finance Unknown Reuters Friday, 19 April 2024 10:06
  • Unique Points
    • TSMC faces resources challenges: land, water, power, talent
  • Accuracy
    • TSMC forecast second-quarter sales may rise as much as 30%
    • TSMC downgraded its growth forecast for the global foundry sector to a mid-to-high teens percentage gain
    • TSMC expected 2024 revenue to rise in the low- to mid-20% range in U.S. dollar terms
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (85%)
    The article contains an appeal to authority and a potential dichotomous depiction. The appeal to authority is present in the quotes from Allen Huang and the unnamed Taiwan fund manager, which are used to provide analysis on TSMC's financial situation. A potential dichotomous depiction is found in the statement 'TSMC's poor share price performance dragged on the broader Taipei market which closed down 3.8%', suggesting that either TSMC is responsible for the drop or there are other factors at play.
    • Allen Huang, vice president of Mega International Investment in Taipei, said the market was reacting to the revised outlook for the semiconductor industry...
    • Another Taiwan fund manager, who asked not to be identified, said given TSMC’s recent stock rally investors had high expectations heading into first-quarter earnings.
    • TSMC's poor share price performance dragged on the broader Taipei market which closed down 3.8%, losing 774 points - the most it has lost in a single day.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

97%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Why Taiwan Semiconductor Stock Was Sliding Today

The Motley Fool Jeremy Bowman Thursday, 18 April 2024 16:35
  • Unique Points
    • TSMC's revenue rose 16.5% in local currency and 12.9% in dollars to $18.87 billion, beating Wall Street estimates.
    • TSMC continues to see more of its revenue come from advanced technologies with 5-nanometer and 3nm wafers making up 46% of revenue.
  • Accuracy
    • TSMC forecast second-quarter sales may rise as much as 30%
    • TSMC expected 2024 revenue to rise in the low- to mid-20% range in U.S. dollar terms
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

TSMC beats first-quarter revenue and profit expectations on strong AI chip demand

CNBC News Sheila Chiang Thursday, 18 April 2024 05:44
  • Unique Points
    • TSMC currently produces 3-nanometer chips and plans to commence mass production of 2-nanometer chips in 2025
    • TSMC is the world’s largest producer of advanced processors
    • CEO C.C. Wei expects revenue contribution from server AI processors to more than double this year
  • Accuracy
    • TSMC forecast second-quarter sales may rise as much as 30% (Yahoo) vs. TSMC expects strong demand for industry-leading 3-nanometer and 5-nanometer technologies in Q2 of 2024 (Article)
    • TSMC left its capital spending plans for this year unchanged at between $28 billion and $32 billion (Yahoo) vs. TSMC expected 2024 revenue to rise in the low- to mid-20% range in U.S. dollar terms (Article)
    • TSMC downgraded its growth forecast for the global foundry sector to a mid-to-high teens percentage gain (Yahoo) vs. TSMC expects strong demand for industry-leading 3-nanometer and 5-nanometer technologies in Q2 of 2024 (Article)
    • TSMC faces resources challenges: land, water, power, talent (Fool)
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication