Yes, I’m still in Taiwan thus the early morning post. Tomorrow I go to Taipei for some hard earned rest and relaxation. I’m a big fan of trying new things but I just could not bring myself to eat this cricket. The person who did eat it said, “Not as good as I expected.” So there you have it. The fish I did eat and it was very good. I lost the staring match though, that fish did not blink ever. Squid on a stick? No thank you. Double click to enlarge at your own risk.
“The world's biggest contract chipmaker, and rivals including Samsung Electronics and AMD, could face a downturn in global technology spending as Europe's woes continue to dent demand and China's economy slows.” Reuters
AMD is TSMC’s customer not rival and Samsung’s $390M 2011 foundry revenue does not rival TSMC’s $14.5B. Intel and Samsung are rivals, Intel and AMD are rivals, Xilinx and Altera are rivals, etc... I can’t wait to read John’s Cooley’s expert analysis. That should be a hoot. Last time John was in a fab was never. Here is the call transcript, good luck John!
“It makes complete sense to dedicate a whole fab, or two whole fabs, in fact, to just one customer,” Morris Chang said today. He didn’t name any clients it may offer a whole factory to or say whether it has immediate plans to do so. Bloomberg Businessweek.
I will give you three guesses who that customer is and they had all better be fruit.
While all this looks good I do see that some clarification is required:
- Q4 2011 28nm revenue was 2%
- Q1 2012 28nm revenue was 5%
- Q2 2012 28nm revenue was 7%
- Q3 28nm revenue is forecast to be 14%
That is a very interesting process ramp. Stay tuned, I will ask around a bit before I leave Taiwan. Post your guesses in the comment section or email it to me privately. I’m sure this will turn into great tabloid fodder.
Second-quarter net income rose to NT$41.8 billion, missing the NT$42.2 billion average of 19 analyst estimates compiled by Bloomberg. The earnings result included a NT$2.68 billion charge for its 5.6 percent stake in Shanghai-based SMIC. Consolidated revenue, reported earlier, rose 16 percent from a year earlier to NT$128.1 billion, beating the NT$127.2 billion average of analyst estimates and surpassing the company’s own forecast of NT$126 billion to NT$128 billion.
Revenue in the three months ending Sept. 30 may be NT$136 billion ($4.5 billion) to NT$138 billion, the Hsinchu, Taiwan- based company said today, compared with the NT$134.8 billion average of 22 analyst estimates compiled by Bloomberg. Second- quarter operating income rose 23 percent to NT$46.7 billion, beating the NT$45 billion average of 15 estimates.
Other reported news is that fabless inventory levels have been increasing due to a decreasing global economy, which would lead to an inventory correction in the fourth quarter and a dip in TSMC's revenue, which could continue into the first quarter of 2013. Don’t believe a word of it. It is going to be a very merry mobile Christmas! An iPhone5 and iPad Mini for all! Ho ho ho…