The global semiconductor industry has recently entered a period of recession. After the previous AMD stock price fell by 14% and the domestic semiconductor industry plummeted by more than 5% yesterday, Taiwan, China and Taiwan have not escaped. On October 11, TSMC's stock price experienced a sharp plunge, plunging by 8.3% in a single day, closing at only 401 New Taiwan Dollar /share (approximately 90 yuan/share), and the largest drop in history.
TSMC
Since 2019, benefiting from the growth in demand for the global semiconductor industry, TSMC's stock price has also risen with one stone, especially during the outbreak of the epidemic in 2020, due to the tight production capacity of the chip industry, TSMC's production capacity has always been operating at a high level. However, since the beginning of this year, as the semiconductor market began to fade after experiencing its peak, TSMC's stock price in the United States has also been close to halving. Its current market value is only US$347.9 billion, which has lost nearly US$300 billion compared with the market value of more than US$640 billion at the beginning of the year, equivalent to more than RMB2 trillion.
However, TSMC's revenue has not decreased significantly, but has increased due to the launch of new chips of , Apple and Nvidia. Some institutions predict that thanks to TSMC's revenue performance, it is expected to surpass , Samsung and , Intel this year and become the leader in the global semiconductor market. This is mainly due to the fact that its 4nm process has been favored by many manufacturers, and it is also related to the poor performance of other chip manufacturers.
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The reason why TSMC's stock price has had such a big reaction recently may be related to the US government's restrictions on chip exports to China. "We believe that as China is the world's second largest cloud computing market, the short-term uncertainty about OEM demand will increase, and the new shock may further suppress sentiment in industries that have been ravaged by weak consumer electronics demand," Morningstar stock analyst Phelix Lee wrote in a note. This may also be the main reason for the recent decline in TSMC and Samsung's stock prices.
