[Global Times Comprehensive Report] The US Department of Commerce has issued another new ban, launching a comprehensive blockade of chips imported to the mainland, and the new ban further impacts the global semiconductor industry.
TSMC. Data picture source Visual China
htmlOn 11, the Taiwan stock market opened lower, falling 596.25 points, closing 13106.03 points, with a trading volume of 217.76 billion New Taiwan dollars . Taiwan Economic Daily said that TSMC closed at NT$401.5, down 36.5 yuan, a drop of 8.33%, and its market value fell to more than 10 trillion yuan, falling below 11 trillion yuan. Citi analyst Laura Chen (sound) released a report saying that the new US sanctions will not only have a negative impact on mainland semiconductors, but will also indirectly affect the long-term business opportunities of the global semiconductor industry.TSMC ADR continued to fall sharply, falling 6.2% last Friday and fell 3.3% again on Monday. Securities analyst Zhang Chenhao said that the United States had previously asked the operators to choose side stations, and now further restricted exports may make the semiconductor industry more disordered. At the same time, as the New Taiwan dollar still depreciates, TSMC does not rule out falling below 400 yuan. He predicts that once the economy begins to recover in the future, TSMC should be the first to recover, and Taiwan Semiconductor will also be ahead of the economic recovery. In addition, although TSMC's stock price bottomed out, the number of shareholders increased. According to data from the Sino-Securities Center, as of October 7, the number of shareholders of TSMC reached a new high of 1.419 million, an increase of 540,000 compared with 878,000 in early January this year.
On the 13th of this month, TSMC will hold a legal meeting, which is also an important trend for the market to interpret the development of semiconductors. Based on the views of five major foreign securities firms such as Goldman Sachs, , JPMorgan Chase , TSMC will focus on five major issues this time, including revenue and gross profit margin trends, how to view terminal demand prospects, various semiconductor inventory status, mature process expansion plans and 3nm progress. Taiwan's "Business Times" said on the 11th that global inflation caused consumer electronics demand to be frozen, and the inventory correction of semiconductor production chain began to affect the upstream wafer foundry. However, as the economy is declining, the characteristics of strong wafer foundry markets becoming more and more obvious. Judging from the orders in hand by various operators, TSMC's operations are expected to softly land in the first quarter of next year and regain growth momentum after the second quarter. (Chen Zhengfei)
