Text/Ball Review/Zi Yang Correction/Zhi Qiu
After several rounds of sanctions, Huawei's chip supply chain has been completely cut off, and it is even impossible to find a third party for OEM.
This means that since the beginning of the second half of 2020 to the present, the cooperation between Huawei and TSMC has been in a state of interruption.
It should be known that before Huawei was blocked, it was in the list of TSMC customers, but it was a big customer of Apple, so the cooperation between the two sides was interrupted, and TSMC's revenue was bound to be weakened.
TSMC absorbed 365.7 billion yuan in annual revenue
But this is not the case, even if it loses Huawei's chip orders, TSMC is still in the field of chip foundry.
Securities Times january 11 news, TSMC disclosed the 2021 annual revenue results, data show that in 2021, TSMC revenue reached NT$1,587.4 billion, about 365.7 billion yuan.
Compared with the same period in 2020, TSMC's operating income soared by 18.5%, which is a very eye-catching achievement.
It can be seen that after losing Huawei, a large customer, TSMC does not seem to have been greatly affected, and its revenue performance is still growing in an orderly manner.
So, why does TSMC mix better and better?
In fact, the reasons behind the sharp increase in TSMC's revenue are well explained, mainly for two reasons: First, the global chip environment in 2021 is good for TSMC.
As we all know, in the past 2021, there are hundreds of industries have been shrouded in the shadow of lack of cores, in this context, the global chip companies rushed to place orders to TSMC, unceremoniously said, whether it is the production capacity of mature processes or advanced processes, TSMC is in a state of full load.
Not only that, the major foundries are taking this opportunity to raise the chip foundry price, TSMC is of course no exception, according to the author's understanding, TSMC's chip foundry price generally rose between 10% and 20%.
It is precisely because of this that TSMC's revenue in 2021 hit a new high, far exceeding market expectations.
Second, after TSMC lost Huawei's order, the vacated FOUNDRy capacity was taken down by Apple, and Apple became TSMC's veritable first major customer.
According to the author's understanding, in 2021, Apple's iPhone 12 series and iPhone 13 series have extremely strong sales performance in the global mobile phone market, driving the growth of orders for A14 and A15 processors.
Moreover, Apple has also brought its own M series chips, powerful chip performance, which has further increased the sales of Apple's computer products and further enhanced the order volume provided by Apple for TSMC.
In the author's opinion, in addition to the above two reasons, MediaTek's contribution to TSMC is also great. According to media statistics, in the list of TSMC's top ten customers' revenue contributions, MediaTek has become TSMC's second largest customer, accounting for 5.80% of its revenue contribution.
It should be known that in the global mobile phone chip market in 2021, MediaTek has become the largest giant in chip shipments, and there is no doubt that the order volume it contributes to TSMC is also extremely large.
TSMC continues its glory in 2021
According to the well-known organization Deloitte Global Forecast, in 2022, many types of chips are still facing shortages, coupled with the rising demand for chips in related industries, chip demand is also growing sharply.
To this end, many companies began to grab TSMC's chip production capacity in 2022, and some supply chain sources revealed that dozens of companies such as Apple, Qualcomm, Intel and AMD have taken the lead in paying order advances to ensure that subsequent chip products can be smoothly mass-produced from TSMC.
In addition, with the gradual release of TSMC's new plant capacity, TSMC's revenue performance in 2022 will most likely continue the glory of 2021, but the revenue growth rate may slow down. Because by the beginning of 2023, the chip shortage will basically ease, in other words, in 2022, the chip shortage will not be as serious as in 2021.
Write to the end
Looking at the global chip foundry industry, TSMC maintains its industry-leading edge in foundry technology, customer groups and production capacity, and it is not surprising that in 2022, TSMC is still in the position of a chip foundry brother.