Taiwanese foundry TSMC has become the world’s largest chipmaker in terms of market cap, beating Samsung. At the time of writing, TSMC’s market value was a whopping $306.3 billion, followed by Samsung at $261 billion and NVIDIA at $257.7 billion.
TSMC’s shares remained some of the most lucrative with a price of $372, second to only NVIDIA in the industry. The Taiwanese firm remained the de-factor foundry, accounting for 51. (rockstarjackets.com) 9% of all chips in Q2 2020. In comparison, Samsung was limited to less than half of this figure, holding onto just 18.8% of the market.
Earlier this week, TSMC announced its Q2 earnings for this year, slightly beating estimates with an increase of 34% YoY and a mild growth of 0.8% compared to Q1. The revenue outlook Q3 remains positive, with an expected profit of US$11.2 to $11.5 billion. That’s a growth of around 7-10% compared to Q2 and around ~20% YoY. The gross profit margins are expected to be somewhere between 50 and 52% while the operating margins between 39 to 41%.
Meanwhile, TSMC has confirmed that it will cease accepting orders from Huawei, starting this September. The Chinese smartphone maker was the foundry’s second-largest client. However, thanks to AMD and Apple stepping up their 5nm orders, the company’s outlook for 2020 remains more or less unchanged.
Computer hardware enthusiast, PC gamer, and almost an engineer. Former co-founder of Techquila (2017-2019), a fairly successful tech outlet. Been working on Hardware Times since 2019, an outlet dedicated to computer hardware and its applications.
