- Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports.
- TSMC’s advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp (NASDAQ:NVDA), Qualcomm Inc (NASDAQ:QCOM), Intel Corp (NASDAQ:INTC), and Tesla Inc (NASDAQ:TSLA).
- TSMC commanded a more than 90% share of the 7/5nm foundry process segment.
- TSMC was also the largest beneficiary of IDMs stepping up their outsourcing of automotive MCUs and other chips to pure-play foundries.
- TSMC had already won 70% of the total automotive chip orders placed by IDMs.
- IDMs including Infineon Technologies AG (OTC:IFNNF), NXP Semiconductors NV (NASDAQ:NXPI), STMicroelectronics NV (NYSE:STM), Texas Instruments Inc (NASDAQ:TXN), and Renesas Electronics Corp (OTC:RNECF) have outsourced 15% of automotive chip production. The proportion is poised to grow.
- TSMC was building new 28nm process fabrication lines at its 12-inch fab in Nanjing.
- TSMC and Sony set up a joint-venture fab Japan Advanced Semiconductor Manufacturing for 22nm and 28nm process manufacturing in Kumamoto, Japan attracting Denso’s participation.
- Price Action: TSM shares traded lower by 0.21% at $107.14 on the last check Tuesday.
Suncor Energy Q3 EPS $1.88 Beats $1.35 Estimate
Suncor Energy (NYSE:SU) reported quarterly earnings of $1.88 per share which beat the analyst consensus estimate of $1.35 by 39.26 percent. This is a 235.71 percent increase over earnings of $0.56 per share from the same
