TSMC benefited from Apple's new iPhone and Huawei's new non-Ping indicator factory, and the world's active deployment of the fifth-generation mobile communications (5G) infrastructure, 7nm orders broke out, the relevant benefits will appear in August . The industry is optimistic, TSMC's August consolidated revenue is expected to return to the NT$100 million (the same below) mark, climbing to a high of nearly 10 months, the monthly growth rate is over 10%, and the September and 4th quarters are worthwhile. look forward to.
TSMC has never commented on a single customer order and the industry's estimated financial figures, emphasizing that the August consolidated revenue data will be released on Ming (10). However, Liu Deyin, chairman of TSMC, has publicly stated that the visibility of orders in the second half of the year was as expected. The main reason is that the 7-nanometer process technology is leading the industry, and the current capacity is full, supporting the growth momentum in the second half. The industry believes that TSMC's fundamentals are strong and it is expected to become the chief commander of the market.
TSMC's consolidated revenue in July has not yet reflected the peak season effect, a slight decline of 1.3% from June; the previous July consolidated revenue of 544.461 billion yuan, a decline of about 2% compared with the same period last year, but the annual decline has largely converged from the previous months. The two-digit percentage is reduced to around 2%. As subsequent orders are shipped, the industry is optimistic that the cumulative annual revenue growth rate is expected to turn positive.
According to industry analysis, 7-nanometer orders such as Apple's next-generation processor, HiSilicon mobile phone and 5G base station chips, as well as ultra-micro graphics processors, e-sports processors and server chips, are being pulled in the second half of the year. The lead time of the process is estimated to be about 50 days. From August onwards, the operation is expected to show strong growth momentum.
TSMC estimates that this quarter's consolidated revenue will reach 9.1 billion to 9.2 billion US dollars, an increase of about 18% in the quarter, based on the exchange rate of NT$31 to US$1, equivalent to NT$282.1 billion to 285.2 billion, gross margin, The profit rate will also be better than the second quarter, which estimates that the combined revenues in August and September will increase significantly.
TSMC said that despite the high uncertainty of the economy and the US-China trade war, the global 5G construction pace is faster and earlier than expected, and this season's entry into the smart phone shipment season, driving the company's 7-nanometer capacity utilization. The rate is full, and the customer's demand for the 5nm process is also exceeding expectations. It is decided to upgrade the capital expenditure to more than 11 billion US dollars this year, but the actual expenditure will be announced in mid-October.
TSMC stressed that the company has a technological leading edge and will be watching for next year's operations. In response to the demand for 5G next year, the company will continue to recruit talents and expand factories on a large scale, and capital expenditure will continue to increase.