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Wafer smelters were not affected by the epidemic in the first half of the year, and customer demand was still strong, but it was affected by the uncertainty caused by the epidemic, TSMC (2330-TW), UMC (2303- TW) and World Advanced (5347-TW), all Taking a conservative view of the second half of the year, TSMC estimates that revenue will remain stable from the first half until a slight decline. UMC also warned customers that cutting orders may be unavoidable.
TSMC’s second quarter revenue is estimated at $ 10.10 billion to $ 10.4 billion, with a quarterly decrease from 2.04 to a quarterly increase of 0.87%. There is still a chance to continue writing new products, and the double rate will continue to be high and high. Although customer demand has not slowed today, affected by the pneumonia epidemic, demand for mobile phones has been weaker than expected and has created uncertainty in the market. Customer demand is expected to adjust and the market situation in the second half of the year will be conservative.
TSMC estimates that revenues in the second half of the year will remain stable from the first half until a slight decrease. However, as 5 nanometers will go into mass production, it will erode the gross profit margin for the second half of the year by 2-3%. If you add the uncertainty caused by the new coronary pneumonia epidemic due to the impact of sex, which will lead to a decrease in demand and affect the rate of capacity utilization, the gross profit margin in the second half of the year will decrease in some percentage points from the first half.
In October last year, TSMC originally expected this year’s revenue to be better than the industry average, representing an increase of more than 17%. However, due to the epidemic, the law says it will review and estimate the annual production value of the semiconductor and wafer smelter; The demand for home work is growing and the efficiency of the efficient computing platform is better than expected. Still enjoying TSMC’s outlook for this year, revenue growth is estimated to be 14-19%, with the high standard approaching 20%. Although the outlook is revised downward, it maintains double-digit growth.
UMC is backed by inventory replenishment of consumer electronics products in computer peripherals and end markets, and demand for chips increased slightly; Demand for panel controller ICs, power management ICs, and microcontrollers (MCUs) increased in the second quarter, and 8-inch capacity will continue to be full.
However, due to factors in the COVID-19 epidemic, uncertainty has increased. UMC still has uncertainties in its outlook for the second half of the year, and is relatively conservative. He believes that the customer may face inventory adjustments and reducing orders is inevitable.
Foreign investors also believe that UMC’s operating performance is expected in the second quarter, but may face customer inventory adjustments in the second half of the year, which is similar to information released by TSMC. Although UMC will have a new 28 nanometer project in the second half of the year, terminal demand decreases. Then, progress may not be as expected, and it is estimated that income in the second half of the year may decrease significantly.
The world’s advanced capacity utilization rate in the first quarter is close to 90%, and will increase to 91-93% in the second quarter. Current customer demand is approximately the same as in the first quarter, and orders can be mastered at the end of the second quarter. World Advanced stated that although customer demand remained strong, orders were not reduced or demand prospects were revised downward, the uncertainty in the second half of the year was great and the second half of the year was very cautious , and therefore it was not possible to make a complete forecast for the whole year.
According to the latest survey by the Tuo Bian Industrial Research Institute of market research agency Jibang Technology, if the new coronary pneumonia epidemic affects the supply chain, the difficulty of semiconductor industry operations will increase, and the decrease in commercial and social activities will trigger high season effects. The possibility of postponement or weakening.
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