Taiwan's TSMC, the world's largest contract manufacturer of semiconductors, has forecast that inventory adjustments by customers will continue until the first half of next year, and has revised down its capital investment for the year.
On the 13th, TSMC announced its financial results for the period from July to September this year, with sales up 47.9% and net profit up 79.7% compared to the same period the previous year, both of which were record highs for the quarter. Has been updated.
This is due to factors such as the high operating rate of production lines for cutting-edge semiconductors in which we have a technological advantage, the increase in contract prices, and the depreciation of the Taiwanese yuan against the US dollar.
However, against the backdrop of global inflation and a slowdown in the Chinese economy, demand for consumer electronic products such as smartphones and personal computers is weakening, so inventory adjustments by customers are expected to continue until the first half of next year. I was.
And to reflect the short-term uncertainties in the market, we have revised down our annual capital expenditures from $40 billion to $44 billion to $36 billion.
On the other hand, TSMC CEO Wei Zhejia, who held an online press conference about the tightening of semiconductor-related export restrictions on China announced by the US government this month, said that it would take a year from the US government to apply restrictions on its factory in Nanjing, China. He said he had been granted reprieve and said the impact was "limited and controllable."