There are so many foreign investment-ridden cases. One of the hottest bezels of Taiwan stocks recently, Morgan Stanley also downgraded the company's investment rating in mid-September. According to the report, Affected, below 40 yuan, but two months later, crystal electricity again 67.3 yuan in recent years, high prices.
After all, will foreign investors see the wrong thing this time? The market still has different opinions.
According to Morgan Stanley's report, TSMC was "downgraded" for three main reasons: the short-term HPC (high-speed computing) demand decline, synchronization led to the slowdown in demand for semiconductor chips; OEM competition is fiercer and fiercer, the outlook for the operation of TSMC composition Pressure; smart phone chip size reduction, offset the sales growth.
However, there are still legal persons optimistic about the future prospects of TSMC. For example, TSMC achieved a breakthrough in technology and accelerated the process of 7 nanometers to 5 nanometers. TSMC leads the manufacturing process so that it will have no competitors in the next three years. Diversified from NB, PC, mobile phones, TVs, servers, industrial, automotive, smart speakers to the Internet of Things, this "hardware back" flowering everywhere, so that demand continues to increase.
According to the legal person, TSMC senior vice president and chief information officer Zuo Dachuan proposed at mid-month on the Taiwan Semiconductor Manufacturing Industry Smart Manufacturing Forum that automation and machine learning are the key factors that TSMC can maintain its competitiveness. Foreign investment may underestimate the power of machine learning.
Zuo Da-Chuan said TSMC has been making efficient use of big data in production processes since 2011, making the operation of equipment more efficient. The number of TSMC servers this year is 5.5 times that of 2011, and the amount of big data is even more in 2011 244 times, expected to deepen with machine learning, TSMC machine production by 2020 is expected to increase by 19%.