The semiconductor industry has entered a period of inventory adjustment and the boom is blowing cold winds and foundry leader TSMC (2330-TW) (TSM-USA) President Wei Zhejia rarely sent an open letter through a video yesterday afternoon (24), encouraging employees to take more vacations and go out with their families, but excluding those related to the R&D process of 3 nm and below which will be mass-produced.
In response to this TSMC, the president mentioned in his internal communication that the accelerated digital transformation due to the epidemic and the needs for 5G and AI in the market have driven the growth of the business. Thanks to my colleagues for their hard work over the past three years, and now that life is gradually normalizing, I encourage my colleagues to spend more time with their families, get along, take a vacation to recharge and then keep working hard.
TSMC stressed that the global electronics trend will not change. Most important to the company is leading technology, excellent manufacturing and customer trust, and it encourages colleagues not to be complacent and keep growing with the world.
Wei Zhejia pointed out that the company’s performance in the third quarter broke records again, with revenue, gross profit and after-tax net profit reaching new highs. It is expected to continue growing next year; Due to the outbreak, the semiconductor technology industry is in full swing, ushering in the peak of profits in the electronics industry., My colleagues have been working hard for the past three years.
Wei Zhejia said that with the end of the epidemic, the market demand for technology and remote products has decreased and global consumer electronics are running out, which also shows that semiconductors are gradually entering the phase of returning to normal. from the peak period. the company encourages colleagues to rest more during this time. , go out and play with the family.
When TSMC stated the meeting, it revealed that due to the weakening of demand from some customers such as mobile phones and PCs, the shooting of the 7 and 6 nanometer process in the fourth quarter was delayed, which affected the capacity utilization rate and would no longer be at the peak of the past 3 years. The impact is expected to last until the first half of next year, but this is only a cyclical factor in the business cycle, not a structural change in demand. Demand for the 7nm household is still expected to pick up again in the second half of next year.
