But do you know? has begun a long bear journey since its stock price reached its highest of US$145 in early 2022. The market value of has evaporated by nearly 2.5 trillion yuan in 9 months. It is almost at a high rate that there is only 1 trillion yuan in . Alibaba market value (Alibaba currently has a total market value of US$200.5 billion, equivalent to approximately 1.4 trillion yuan). What exactly happened?
1. After 35 years of hard work, I have grown into the world's top chip manufacturer
TSMC full name Taiwan Integrated Circuit Manufacturing Co., Ltd. , was established in 1987. It is the world's first professional Integrated Circuit Manufacturing Service (Faster Foundry) enterprise . That year, Zhang Zhongmou ht When Mr. ml4 started his business, almost no one was optimistic about it, but he was keen on heroes. At that time, semiconductor companies around the world, such as Samsung and Intel , designed their own chips, produced them and carried out packaging and testing. Zhang Zhongmou was different. He pioneered the foundry model of wafer , which only made products for semiconductor design companies. This business model is unique in the world. You should know that there were no independent semiconductor design companies in the world at that time.
TSMC is very strong mainly in two aspects. One is with the largest global market share of . In the first quarter of 2022, TSMC's global smartphone chip market accounted for 69.9% of the market, Samsung only had 30%, and TSMC was more than twice that of Samsung; second is that technology is advanced enough . TSMC's chips can now achieve mass production of 5nm, and 3nm may achieve mass production this year, generating revenue for 2023, and 2nm is also on the way. It may enter risk trial production in 2024. You should know that the inland chip tycoon SMIC has only achieved mass production of 12nm.
2. Performance is booming, but its market value has evaporated by 2.5 trillion yuan in 9 months
TSMC's stock price reached its highest peak in January 2022, reaching US$145, with a market value of as high as US$752 billion (equivalent to RMB 4.8 trillion), but since then it has fallen all the way to the current US$64, with a market value of only US$332 billion (equivalent to RMB 2.35 trillion), and nearly 2.5 trillion yuan has evaporated in 9 months. What exactly happened?
Is it because TSMC's performance is poor? From 2009 to 2021, TSMC's operating income increased from RMB 63.2 billion to RMB 364.7 billion, a 4.77-fold increase in 2012. The net profit increased from RMB 19.1 billion to RMB 136.2 billion, a 6.13-fold increase in 2012. was 366.7 billion in the first three quarters of 2022. It achieved revenue of RMB 366.7 billion, exceeding the full year of 2021. It exceeded the full year of 2021. It was not because of performance issues.
3. It was dragged down by the US stock market, but the decline was much higher than Dow Jones Index
If it were not for performance issues, then TSMC's sharp decline was more due to external factors. The Dow Jones Index reached 36952 points in January 2022, but it is currently only 29210 points, down nearly 21% in 9 months, while TSMC fell 56% in 9 months, which is much higher than the market index during the same period.
In addition to being affected and the market, TSMC's recent sharp drop in stock prices is closely related to the "intimidation" of the latest US chip policy. TSMC and Samsung both plummeted. Recently, the US Department of Commerce issued a new ban, launching a comprehensive blockade of chips imported to the mainland, further impacting the global semiconductor industry. Before , the industry was forced to take sides, and now it has further restricted exports. The United States' wolfish ambition is well known to everyone.
4. Summary
In order to realize its global hegemony, the United States has been siegeing and blocking my country in recent years. Huawei is affected by this and has to sell Honor to survive. It can be seen that our high-tech chip technology is still being stucked by them. We must work hard to achieve rapid development of the chip industry as soon as possible to break foreign monopoly.
What do you think can our country's chip industry take off? Everyone is welcome to leave a message in the comment area for discussion.
