NVIDIA's new generation of GPUs is postponed, TSMC's Q3 outlook is conservative

The TSMC law will be just around the corner. Although the market is still in the third quarter, the operation is still in a low tide. However, in the fourth quarter, orders such as Apple, Huawei, and NVIDIA are gradually returning. The legal person expects the fourth quarter operation to climb the peak of the year. After breaking through the trillion mark, it can still maintain 5% to 10% annual growth.

The law was held on the 19th

TSMC held a law conference on the 19th. At present, the market is generally expected to be conservative in the third quarter, mainly due to the unsatisfactory sales of Apple's previous iPhone 8 and iPhone X, which led to extra caution on the A12 filming this year, plus TSMC's 7nm learning curve. The yield is better than the previous generation of 10 nanometers, so that Apple is not eager to mass production in this season. In addition, NVIDIA's next-generation GPU also has a time delay in filming, and cryptocurrency orders have not returned, the legal person expects this season. The quarterly growth rate of revenue is 6% to 9%, which is lower than the previous law.

However, the market has gradually reacted to TSMC's low operating margin this quarter. Looking ahead to the fourth quarter, TSMC is expected to climb the full-year operating peak. According to founder Zhang Zhongmou, TSMC's full-year revenue in 2018 is expected to exceed mega-yuan. Off, meaning that the fourth quarter revenue will be rewritten in the new history.

Camp sports can be stronger, mainly due to the peak season of Apple A12 processor in the fourth quarter, and the current market is coming out, this year Apple's new iPhone may drive down the price, stimulate the market to buy gas, is expected to drive Apple's follow-up volume monthly In addition, this year, AMD's new GPU and Qualcomm Snapdragon 855 processor will also return to TSMC, coupled with the previous NVIDIA deferred GPU blessing, the fourth quarter capacity utilization will rise sharply, driving revenue to climb to the top.

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