Recently, TSMC has experienced a capacity crisis, but fortunately, the top technology has been retained. Due to lossHuaweiThis important customer, TSMC can only beCenter of gravityPut it on American business. However, in the process of building a factory in the United States, TSMC encountered a series of problems, such as core data handover requirements and assistanceIntelUpgrading production capacity, etc. The subsidy has not been cashedCapacity utilizationThe decline and other circumstances also made TSMC uneasy. However, the U.S. eventually compromised under pressure and urgently repatriated orders to TSMC, allowing TSMC to make full use of its production capacity. With its top-notch technology and equipment, TSMC can integrate high-performance and high-density chips under the same process, attracting many manufacturers to cooperate with it, so in the rise of artificial intelligence and new energy vehicles, TSMC's orders have increased significantly.
In 2024,amdA huge sum of money will be spent on mass production of Zen5 chips based on TSMC's 3nm process in the third quarter. In addition,amdIt has also increased its investment in the field of artificial intelligence chips, and plans to use the 3nm-5nm process to produce MI300 series chips. At the same time,IntelIt was also decided that TSMC's 3nm process would be used to produce Lunarlake processors. ExceptamdwithIntelMany customers such as Nvidia and Apple have also provided a large number of orders, so that TSMC does not have to worry about US sanctions at all. It can be seen that TSMC has strong competitiveness in terms of technology, production capacity and orders.
TSMC's motivation for building a factory in the United States has raised questions. LostHuaweiThe order had a huge impact on TSMC, and in order to gain time to establish a technological advantage, TSMC agreed to the request to build a factory in the United States. However, it can be seen from the 5nm and 3nm processes at the beginning that TSMC does not really intend to put down roots in the United States, just to avoid deeper sanctions. Nowadays, American companies are inseparable from TSMC's advanced technology, and the purpose of building factories in Japan is clearer. The construction of a factory in Japan only supports the mass production of the 12nm process, which is almost optional compared to the current market demand. Therefore, TSMC continues to release news of production expansion, probably in order to confuse the public and successfully build a top process of 5nm and below in the local layout. The reason for Liu Deyin's retirement at a critical moment may be to evade some promises, but at the same time, it also gives the outside world a false impression of "resignation".
As the world's top chip manufacturer, TSMC has been steadily moving forward in the repeated struggle between the capacity crisis and market demand. LostHuaweiThe order is indeed a major blow to TSMC, but through cooperation with American companies and the maintenance of its own technological advantages, TSMC ushered in large orders and successfully lifted the capacity crisis. Going to the United States to build a factory may just be to avoid deeper sanctions, while going to Japan to build a factory is to build a local layout. While TSMC faces various challenges and uncertainties, with its achievements to date and continued investment in technology, I am confident in TSMC's future.