UMC, which stimulated the wave of foundry work for this wave, was first put forward by Lü Jiabiao, chief analyst of UBS Securities in Asia Pacific. His latest view is that the overall semiconductor industry has undergone tremendous changes in recent years, not only has the competitive landscape changed, but also smart machines. Use, Artificial Intelligence (AI), Internet of Things (IoT) has mushroomed, wafer foundry capacity is tight, bargaining power has increased, industrial structure has changed, and it cannot be seen only by short-term price increases.
Interestingly, the original industry was led by the leader to drive the rest of the stocks. This time it was the other way. UMC led TSMC to become popular and the world advanced to provide legal alternatives. Foreign investors bought over 7,264 TSMCs yesterday. Ranked third in the rankings, also stopped selling 3 consecutive trading days to sell King Chao King.
UMC’s number of over 350,000 bursts yesterday to a daily limit of 18.5 yuan; TSMC rose 1.31% to close at 232 yuan.
Zhou Lizhong, semiconductor analyst at Deutsche Securities, pointed out that five major business opportunities have driven TSMC's 7-nanometer market to expand, including: smart phone chips (Apple, Qualcomm, Hass), network chips (Broadcom, MediaTek), gaming GPUs (Nvidia) , AMD), programmable logic elements FPGA (Xilinx), cryptocurrency ASIC, etc.
With eight major customers blessing, Deutsche estimates that TSMC’s 7-nanometer process revenue will increase nearly threefold next year, taking up less than 10% of this year’s total revenue, which will increase to 29%. Meanwhile, TSMC’s overall wafer The proportion of revenue in the foundry industry will also increase from 56% to 60%.
Yuan Jiachao, Director of Taiwan Research at Zhangjiabang, said that with the inventory days of global IC design companies, the status of the semiconductor industry has shown signs of improvement, and companies are gradually entering the peak season to meet strong terminal demand. The overall industry continues to grow this year. , Now look at the return of international funds.
Hou Mingxiao, a Semiconductor Industry Analyst at CLSA, pointed out that based on recent discussions with Asian corporate legal clients, customers were found to have doubts about cryptocurrencies. However, this is because Bitcoin mining ASICs, the second and third quarter are switching from 16 nm to 7 Nano fabrication process, TSMC long-term camp sports can still look good, is the first choice for buying semiconductor groups, speculated that the reasonable stock valuation 285 yuan.
Not only Lyon, TSMC is even one of Credit Suisse Asia Pacific (excluding Japan) most concerned about the stock list, Credit Suisse gave a reasonable price of 270 yuan speculated, and optimistic about the contribution of TSMC to capture the Qualcomm Xiaolong 400 Series chip, estimated this year camp Close to 10% growth.