Neuberger Berman Sebastian Hou on TSMC Earnings, Chip Shortages

The video discusses TSMC's earnings with a focus on capital expenditure and global expansion plans. It highlights the challenges posed by supply chain disruptions and component shortages, affecting industries like automotive and electronics. The semiconductor industry's cyclicality is addressed, noting the impact of new demand drivers such as electric vehicles and IoT. The discussion also covers the economic and supply-side challenges in semiconductor production, particularly for legacy technologies.

What is the primary focus of TSMC's earnings report discussed in the video?

• Employee satisfaction

• Revenue growth

• Market share increase

• Capital expenditure outlook

What is the expected range for TSMC's capital expenditure over the next three years?

• 80 to 90 billion USD

• 50 to 60 billion USD

• 115 to 120 billion USD

• 150 to 160 billion USD

Which industry was first affected by the semiconductor shortages?

• Automotive

• Retail

• Healthcare

• Education

What is one of the main reasons for the supply issue in legacy technology equipment?

• Lack of interest from consumers

• High demand for new technology

• Government regulations

• Equipment suppliers stopped making them

How has the nature of the semiconductor industry changed according to the video?

• More focus on personal computers

• Less demand for IoT applications

• Increased cyclicality

• Reduced cyclicality

What are some of the new demand drivers for semiconductors mentioned in the video?

• Electric vehicles and IoT

• Home appliances and furniture

• Smartphones and tablets

• Personal computers and laptops

What is the expected impact of increased semiconductor demand on company earnings?

• Short-term disruption

• Decrease in earnings

• Long-term stability

• No impact