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 expected capital expenditure for TSMC over the next three years?

How does the TSMC chairman view the adequacy of the planned capital expenditure?

What are the implications of the supply chain disruptions on the production plans of companies like Apple?

What factors are contributing to the semiconductor shortage mentioned in the text?

What are the two main reasons for semiconductor manufacturers' reluctance to invest in new capacity?

What role do legacy technology and equipment supply issues play in the current semiconductor landscape?

How is the demand for semiconductors expected to change in the coming years according to the discussion?