Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is to replace Samsung Electronics Co as the world’s largest chip company by revenue this quarter, market researcher IC Insights said yesterday.
TSMC, the world’s biggest foundry services provider, is expected to post a quarterly revenue increase of 11 percent to US$20.2 billion, while Samsung’s revenue is forecast to fall 19 percent to US$18.29 billion due to a slump in the memorychip industry, IC Insights said.
TSMC has said its revenue would be US$19.8 billion to US$20.6 billion this quarter.
Photo: Reuters
Intel Corp is expected to rank third with revenue likely to be US$15.04 billion, up 1 percent from last quarter, but 26 percent lower than TSMC’s, IC Insights said, noting “the swiftness of TSMC’s rise to the top” from the third spot last year.
Citing the memorychip industry’s downturn, IC Insights cut its worldwide IC market growth forecast for this year to an annual increase of 7 percent, from its earlier estimate of 11 percent.
“The downgraded expectation for this year is almost entirely due to the collapse of the memory market in the second half of 2022,” it said. “It was as though someone flipped a switch to the off position for the memory market beginning in June.”
Memorychip makers have attributed the downturn to inventory adjustments by customers, and many chip companies expect the adjustment to extend into at least early next year, IC Insights said.
Early this month, Samsung co-CEO Kyung Kye-hyun, who heads the company’s semiconductor unit, said the second half of this year looks bad.
Similarly, Micron Technology Inc and Western Digital Corp forecast quarterly revenue declines of 17 percent and 18 percent this quarter respectively, citing sharp inventory corrections, IC Insights said.
Separately, TSMC, the sole chip supplier to Apple Inc’s iPhone series, yesterday reported a record revenue of NT$218.13 billion (US$7.06 billion) last month, up 16.8 percent month-on-month and 58.7 percent year-on-year.
Cumulative revenue totaled NT$1.43 trillion in the first eight months of this year, up 43.5 percent from NT$996.54 billion in the same period last year, TSMC said.
Cairo’s new monorail slices across the city skyline, running above the familiar chaos of blaring horns and aging buses’ exhaust fumes that mark rush hour below. The US$4.5 billion monorail, opened this month, is among Egypt’s most prominent new transport projects, part of a debt-funded infrastructure drive criticized for sapping state finances while bringing limited benefits to most of the country’s 109 million people. “It feels like you’re in a different country,” said Ramy Sayed, a restaurant manager, aboard a driverless Innovia 300 train. “No noise, no traffic, we’re not used to this.” The eastern line runs 56km from the bustling middle-class
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Artificial intelligence (AI) agents would supplant smartphones as the center of people’s digital lives, fundamentally reshaping personal devices and driving a major computing upgrade cycle, Qualcomm Inc CEO Cristiano Amon said yesterday. In his keynote speech for this year’s Computex trade show in Taipei, Amon said that the rise of "agentic AI" — AI systems capable of reasoning, planning and carrying out tasks autonomously — would transform how people interact with technology across phones, PCs, vehicles and wearable devices. Describing the technology as the next major evolution in computing, Amon said that "2026 is the year of agents.” For decades, smartphones have sat
RSS