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TSM Stock Nudges Lower After Good Third Quarter
Taiwan Semiconductor Manufacturing Company TSM reported a strong quarter that was likely driven by its key customers Apple AAPL, which is reportedly seeing stronger demand for iPhones after taking down prices; Advanced Micro Devices AMD, which is leaning on it for its 7nm high performance computing (HPC) and other chips; and NVIDIA NVDA, which is using it for its graphics chips.
The strong demand is leading TSM to build out capacity, which accounts for the 14.3% year-over-year increase in net PP&E. At the same time, its maturities are coming forward (55.9% reduction in long-term debt and 53.8% increase in current liabilities), so the 3.2% reduction in cash on hand may not be a particularly wonderful thing.
Here are some of the numbers-
Revenue of $9.40 billion was up 21.3% sequentially and 10.7% year on year (better than the guided $9.1-$9.2 billion).
More than half of it came from the advanced technology nodes of 7nm, 10nm and 16nm, which accounted for a respective 27%, 2% and 22% of revenue in the last quarter.
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https://finance.yahoo.com/news/tsm-stock...08016.html
![[Bild: TSMc1dl1747.png]](https://finviz.com/publish/101719/TSMc1dl1747.png)
Smartphones were the biggest end market, contributing 49% of revenue, HPC 29%, IoT 9%, DCE 5%, automotive 4% and other 4%.
Taiwan Semiconductor Manufacturing Company TSM reported a strong quarter that was likely driven by its key customers Apple AAPL, which is reportedly seeing stronger demand for iPhones after taking down prices; Advanced Micro Devices AMD, which is leaning on it for its 7nm high performance computing (HPC) and other chips; and NVIDIA NVDA, which is using it for its graphics chips.
The strong demand is leading TSM to build out capacity, which accounts for the 14.3% year-over-year increase in net PP&E. At the same time, its maturities are coming forward (55.9% reduction in long-term debt and 53.8% increase in current liabilities), so the 3.2% reduction in cash on hand may not be a particularly wonderful thing.
Here are some of the numbers-
Revenue of $9.40 billion was up 21.3% sequentially and 10.7% year on year (better than the guided $9.1-$9.2 billion).
More than half of it came from the advanced technology nodes of 7nm, 10nm and 16nm, which accounted for a respective 27%, 2% and 22% of revenue in the last quarter.
....
https://finance.yahoo.com/news/tsm-stock...08016.html
Smartphones were the biggest end market, contributing 49% of revenue, HPC 29%, IoT 9%, DCE 5%, automotive 4% and other 4%.
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