July 1st is the first day of the second half of 2022. The semiconductor sector in the U.S. stock market was killed, and the Philadelphia Semiconductor Index plummeted 3.8%.TSMC’s ADR also plummeted 6%, and it has fallen 47% since the beginning of the year.There is basically no premium to Taiwan stock prices, showing that American investors have viewed TSMC conservatively.
It was reported thatapple,AMDAnd NVIDIA’s three major customers have all cut TSMC’s orders.
It is reported that although the largest customer Apple has already startediPhone14 production work, and the inventory is as high as 90 million, but this target has been cut by 10%.
In addition to Apple, two GPU chip companies, AMD and NVIDIA, are also cutting orders, mainly in response to the decline in PC demand and the fading trend of mining cards.Among them, AMD is rumored to have cut about 20,000 7nm and 6nm wafers from Q4 this year to Q1 23.
There is no news on how much NVIDIA has cut the order, but they have also asked for a delay and cut orders in the first quarter of next year.
However, TSMC declined to comment on the rumor.