Credit Suisse's Abrams on TSMC Earnings

The transcript discusses TSMC's growth, market expectations, and challenges in the semiconductor industry. It highlights TSMC's strong position with a projected 25% growth, driven by high performance computing and 5G demand. The automotive sector's recovery and inventory buildup are also examined. Concerns about a potential market correction due to oversupply and investor nervousness are addressed, with TSMC's strategies to manage these challenges outlined.

What is the expected growth rate for the semiconductor industry in 2022?

• 12%

• 25%

• 16%

• 10%

What is one of the key factors contributing to TSMC's growth?

• Decreasing prices

• Investing in new technologies

• Reducing production

• Focusing on local markets

What is a significant factor driving demand in the automotive sector?

• Decreased interest in electric vehicles

• Reduction in global automotive production

• Restocking dealer inventory

• Increased production of diesel vehicles

What percentage of TSMC's revenue comes from high-performance computing?

• 5%

• 25%

• 40%

• 50%

Which company has moved its chip production to TSMC for their Macs?

• AMD

• Apple

• NVIDIA

• Intel

What is a concern for investors regarding the semiconductor market?

• Potential market correction

• Excessive supply

• Lack of demand

• Decreasing prices

How is TSMC positioned to handle potential market corrections?

• By reducing production

• By maintaining advanced capacity

• By focusing on local markets

• By decreasing prices