Credit Suisse's Abrams on TSMC Earnings Preview

The video discusses the current market outlook for TSMC, highlighting a conservative approach due to high inventory levels and slowing demand in consumer tech and enterprise sectors. It explores recovery factors, including inventory cycle adjustments and TSMC's market share in AI-driven technologies. The impact of Apple's supply chain diversification on Taiwanese suppliers is examined, along with market trends and investment strategies in the semiconductor industry.

What is the expected outlook for TSMC in the next quarter according to the text?

What is the significance of the inventory levels at TSMC's direct customers?

How has consumer technology been affected post-COVID according to the discussion?

What factors are contributing to the inventory cycle being a drag on the market?

What are some of the long-term structural drivers that could benefit TSMC?

How is Apple diversifying its supply chains and what impact might this have?

What are the implications of the current market conditions on TSMC's pricing strategy?