After the United States launched a restrictive policy on China's advanced semiconductor industry, the global semiconductor industry chain is suffering. Taiwanese companies represented by TSMC and South Korean companies represented by Samsung are important participants in the industrial chain, and they continue to feel the troubles brought about by the "chip hegemony" of the United States. Before and after the semiconductor associations of the United States and China expressed their disapproval of the United States’ tightening restrictions on semiconductors in China, both TSMC and Samsung faced poor performance forecasts.
According to a Reuters report, TSMC is scheduled to announce its second-quarter earnings on July 20. According to the average forecast of more than 20 analysts compiled by Reuters, TSMC estimates that its net profit in the second quarter will be approximately US$5.58 billion, a drop of more than 27% from the same period last year. Reuters also said that as Asia's largest listed company by market value, TSMC's net profit in the first quarter of this year increased by 2% year-on-year, the smallest quarterly increase since mid-2019.
In the first half of this year, the global semiconductor market was in a downward cycle, and the relationship between supply and demand turned. Most of the customers of semiconductor manufacturers were destocking. Whether it is TSMC, or Samsung, Intel and other companies, the revenue in the semiconductor field has shown a downward trend. Due to the decline in shipments of consumer electronics products such as smartphones and notebook computers, TSMC’s revenue in the second quarter of this year may experience a relatively significant decline.
At present, the general technological level of the chips used in many smart cars can be achieved, and many companies are doing it. TSMC has not benefited a lot in this field.
Senior executives of major U.S. chip manufacturers such as Nvidia, Intel, and Qualcomm are meeting with U.S. officials, hoping to persuade the Biden administration to avoid increasing semiconductor export controls to China.
South Korean semiconductor companies are also facing a sharp drop in profits. According to a report by "Business Korea" on the 17th, due to the recession of the semiconductor industry, many institutions predict that Samsung Electronics' semiconductor business will lose more than 10 trillion won (about 57 billion yuan) in 2023. ), seriously dragging down the overall performance of the company. Samsung Electronics' semiconductor division posted a loss of 4.58 trillion won in the first quarter of this year.
Samsung Semiconductor
