World’s largest chipmaker TSMC posts record profit allaying fears over semiconductor headwinds

cnbc ^ | JUL 14 2022 | Arjun Kharpal

[BenLurkin]

The company which is Apple’s most important chip supplier, said it expects revenue to be between $19.8 billion and $20.6 billion in the third quarter, surging from $14.8 billion in the same period last year.

However, TSMC CEO CC Wei said that some of the company’s capital expenditure would be “pushed out into 2023.” He cited “greater challenges in the supply chains” which is extending delivery times for some chipmaking equipment.

The strong results and outlook but caution on spending highlights the careful path chipmakers are walking at a time of concern about rising prices and the impact on consumer demand, as well as a high supply of chips.

[cymbeline]

Boy oh boy those headwinds!

[cableguymn]

PRICE GOUGING BIG CORPERATIONS!!!!!!

(thats my best liberal I can do.)

[dfwgator]

"Let me explain to you how this works: you see, the corporations finance Team America, and then Team America goes out... and the corporations sit there in their... in their corporation buildings, and... and, and see, they're all corporation-y... and they make money."

[Zathras]

Semiconductor design is going gang busters worldwide.
Companies are having serous problems hanging onto people.

[vpintheak]

Haven’t we had a supposed chip shortage for a couple years now? I headline like this is like, DUH! Of course the chip makers are going to have huge profits.

[minnesota_bound]

AMD and Nvidia had small rise in price. I would have expected something bigger but since the democrats stole the election the stock results don’t mean as much when they are good as there is always some bad news coming like the big interest rate hikes along with the high inflation and price news.

Taiwan Semiconductor Manufacturing Company Limited (TSM)
83.67 +2.38 (+2.93%) At close
83.75 +0.08 (+0.10%) After hours

AMD
78.60 +1.08 (+1.39%) At close
78.61 +0.01 (+0.01%) After hours

Nvidia
153.72 +2.08 (+1.37%) At close
153.80 +0.08 (+0.05%) After hours

[blam]

Morris Chang

A Taiwanese-American businessman who built his career in the USA and Taiwan. He is the founder, as well as former chairman and CEO, of Taiwan Semiconductor Manufacturing Company (TSMC), the world's first and largest silicon foundry. He is known as the semiconductor industry founder of Taiwan.[1] As of October 2021, his net worth was estimated at US$2.8 billion.

During his 25-year career (1958–1983) at Texas Instruments, he rose up in the ranks to become the group vice president responsible for TI's worldwide semiconductor business.