TSMC's Outlook Disappoints as Global Tech Slump Persists

The transcript discusses TSMC's financial performance, highlighting that while the top line was in line with estimates, the bottom line exceeded expectations due to cost controls. However, TSMC projects a 10% revenue drop in the first half of the year, with a rebound in the second half, marking the first annual revenue decline since 2009. Despite rumors, TSMC did not cut its CapEx budget, maintaining it at $32-36 billion, driven by anticipated demand from AI advancements. The company is focused on ensuring sufficient chip production capacity to meet the needs of AI companies like NVIDIA, AMD, and Intel.

What was the key financial outcome for TSMC in terms of their bottom line?

• It was below estimates.

• It met the estimates.

• It was not disclosed.

• It exceeded estimates.

What significant financial event is TSMC expecting for the first time since 2009?

• A rise in stock prices.

• A new product launch.

• A year-on-year revenue decline.

• An increase in CapEx.

Why did TSMC decide not to cut its CapEx budget?

• They are reducing production.

• They are facing financial difficulties.

• They plan to enter a new market.

• They anticipate needing more capacity in the future.

What is driving the increased demand for TSMC's advanced chips?

• The healthcare sector.

• Artificial Intelligence (AI) developments.

• The gaming industry.

• The automotive industry.

Which companies are expected to benefit from TSMC's increased chip production capacity?

• NVIDIA, AMD, and Intel.

• Google and Microsoft.

• Tesla and Ford.

• Apple and Samsung.