TSMC is expected to obtain the worldwide semiconductor giant Intel (Intel) foundry orders, operational growth can be expected, foreign investors also stressed that “the world needs TSMC”, and have shouted 800 yuan high target price, so TSMC shares hit a high yesterday, up to 605 yuan. The company believes that TSMC has strong fundamentals and does not need to default to the high point. TSMC technology should be able to maintain its leading position, but it will face the biggest challenge of talent shortage in the future, said Liu Pei-zhen, a researcher at the Taiwan Economic Research Institute.
TSMC’s technology is expected to maintain its leading position and the lack of talent is the biggest challenge
According to the Central News Agency and the Free Times, Liu believes that TSMC’s fundamentals are highly visible and its advanced process technology is leading the world.
According to two sources familiar with the details, Intel plans to cooperate with TSMC to produce the second generation of independent display chips used in personal computers, hoping that this can be used with the rise of the graphics chip maker Pfizer against each other.
Reuters reported that Intel’s director in 2020 has said that it will outsource the production of DG2 chips, but at the time did not specify which chip maker was given the order, and did not specify which chip process technology will be used for DG2. As TSMC’s main customer, Intel has a long history of outsourcing the production of other types of chips, but does not include the flagship product central processing unit (CPU) chips. As for Intel’s self-driving car subsidiary Mobileye’s head last month told Reuters that Mobileye’s next self-driving car processor, will be produced by TSMC’s 7nm process.
Sources said that Phaidon’s latest display chip, which came out in the fall of 2020, was produced by Samsung Electronics’ 8nm process, while Intel’s DG2 uses TSMC process technology expected to be more advanced than Phaidon’s product, and also better than TSMC’s display chip produced for Super Micro with a 7nm process.
Bloomberg reports that the Wuhan pneumonia pandemic has caused a surge in global demand for consumer electronics products, and the expansion of foundries is still not fast enough, and the tight supply of chips has affected automotive production. In the upgrade to the most advanced process mass production, Intel in recent years is a continuous delay, is debating whether its flagship CPU chips expected to be listed in 2023 outsourcing production.
In this regard, Liu Pei-zhen said, Samsung process technology to take more leaps and bounds, but TSMC is a steady step-by-step progress, the technology is also more achievable, TSMC technology should be able to maintain the leading position.
Although the U.S.-China trade war may continue to burn, but Liu Pei-zhen stressed that TSMC’s advanced process technology has irreplaceable, can be expected to become the beneficiary of the trade war.
Referring to the impact of the epidemic, Liu said, Taiwan’s epidemic is well controlled, so TSMC can continue to benefit from the business opportunities derived from the digital transformation.
In the face of TSMC’s growing scale of operations, Liu Pei-zhen believes that TSMC’s medium- and long-term development will probably face the biggest challenge of “tight supply of talent”, but TSMC has increased its salary by 20% in addition to structural salary increases, and set up factories in the United States in the hope of attracting local talent, which should help to ease the pressure of tight talent.
TSMC Chairman Deyin Liu said at an international forum held by the Hsinchu Science Park Administration in 2020 that Taiwan’s semiconductor industry has reached a time when the supply of talent is limited, and that Taiwan should loosen the education system so that young people can study whatever they like and not be limited by quotas. Liu Deyin’s words reveal the worries about the supply of talents.
TSMC’s performance continues to rewrite new historical records, operate repeatedly in miracles, and perform beyond the standard of the semiconductor industry. (Photo source: Central News Agency)
TSMC punching through $600 touchdown fundamentals support not default highs
TSMC’s 2020 total revenue of $1.33 trillion, an annual increase of 25.17%, performance continues to rewrite new historical records, operations have repeatedly created miracles, performance beyond the semiconductor industry standards, fundamental themes drive stock prices, market value continues to record highs, performance is amazing.
Since July 2020, TSMC stock has broken through the $400 and $500 barrier one after another, and yesterday the stock price broke through the $600 mark for the first time, finally closing at a record high of $605, with a market value of $15 trillion 687.88 billion; in more than six months, TSMC stock price has soared from $313 to $605, with a swing jump of $292, or 93.29%.
In addition, TSMC founder Chang Chung-Mou held 125,000 shares when he retired after the 2018 shareholders’ meeting. If the shares are not disposed of, the value of the shares held by Chang Chung-Mou has increased by 9.37 billion yuan in 8 trading days since the opening of the red plate in 2021, an average daily increase of about 1.17 billion yuan.
When Chang retired, TSMC’s stock price reached $229. After that, TSMC’s stock price soared wildly for nearly a year and made the stock value in Chang’s hands up to $75.62 billion.
In addition, if the amount of share price increases, the stock price of the king of the Dalihwang shares up to 2995 yuan, the highest single-day increase of up to 10% calculated, the highest one-day share price can easily soar 295 yuan.
In February 2008 to May, the National Giant in the passive components market demand exceeds supply, in the high price of products and high performance incentives, the stock price from 387 yuan, continued to soar up to 1090 yuan, just four months rose 703 yuan, an increase of 181.6%. In the amount of share price increase and the rate of increase, the national giant are stronger than TSMC. If you look at the equity perspective, the equity capital of TSMC is as high as 259.303 billion yuan, is the champion of Taiwan stocks listed on the counter, the size of 1.341 billion yuan of the capital of Dalit 193 times, is 4.969 billion yuan of the National Giant 52 times, therefore, TSMC stock price can still go up in large waves, it is not easy.
In addition to constantly pushing the highest market value of a single Taiwanese company to 15.65 trillion yuan, TSMC’s market value has increased significantly to 7.57 trillion yuan in the past six months or so, with an average monthly market value increase of more than 1 trillion yuan, a record that cannot be reached by any Taiwanese company.
Analyst Wang Zhaoli said, TSMC’s strong fundamentals, technology leadership in the world, the leading position in the wafer foundry, as for Apple (Apple), Supermicro (AMD), MediaTek and other major manufacturers are also TSMC’s customers, even Intel may be entrusted by TSMC to OEM production, therefore TSMC in future operations, can be expected to continue to grow steadily.
Wang Zhaoli stressed that, in addition to strong fundamentals to obtain a high degree of market recognition, foreign investors have also raised TSMC target prices, coupled with abundant market capital, are the main driving force to push TSMC stock prices continue to record highs, so in the case of a strong market atmosphere, no need to default to the high point.
TSMC will hold a legal meeting on the 14th, the market is highly bullish on TSMC’s market performance, Intel is also expected to entrust some of its chips to TSMC, foreign investors also believe that TSMC’s key position is “the world needs TSMC”, and shouted out a high target price of 800 yuan.
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