TSMC held a lecture today (14th). Co-CEOs Wei Zhejia (first from left), Liu Deyin (second from left) and Chief Financial Officer Ho Limei (third from left) attended. (Photo by Juheng.com reporter Cai Zongxian)
TSMC (2330-TW) held a press conference today (14th). Chief Financial Officer Ho Limei pointed out that the outlook for the second quarter slightly disappointed the market, mainly due to the flat demand for high-end mobile phones that continues to The weakness in the first quarter suppressed the revenue performance in the second quarter. In addition, there was the interference of exchange rate factors. It is expected that the inventory adjustment of high-end mobile phones will continue until the end of the second quarter. The momentum is expected to pick up in the second half of the year. However, since there is no obvious improvement in the end products The highlight is that the momentum of the high-end mobile phone market throughout the year is still not as good as last year, and the total volume is expected to decline compared to last year.
He Limei pointed out that the inventory of high-end mobile phone related components continues to adjust and is expected to end at the end of the second quarter. The overall market situation in the second half of the year will be better than the first half of the year. Today, TSMC lowered the global shipment estimates of several terminal products. Among them, PC has been lowered by a larger margin, but TSMC's PC share is not high, so the impact is relatively limited. In contrast, smartphone shipment growth has been lowered by 1 percentage point, reflecting the impact of poor demand for high-end mobile phones.
He Limei emphasized that the growth of smart phones this year comes from the subsidies for 4G mobile phones by telecom operators in mainland China, as well as the fact that emerging markets used to be dominated by 3G mobile phones, and will gradually expand to 4G mobile phones. The replacement wave will drive the growth of market shipments.
Looking at the second quarter, he believes that TSMC's four major application areas have grown compared with the first quarter. Among them, consumer electronics and industrial related have the strongest growth, with a quarterly increase of more than 10%, while other communications and PC-related There is growth, but only by single digits.
He believes that the overall momentum of high-end mobile phones is weak due to seasonal factors in the first half of the year. New mobile phones will be shipped to customers starting from the third quarter of the second half of the year, which will drive the growth of related supply chain operations such as TSMC.
Source: Juheng.com
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