Damao recently reported that due to the weak demand in the terminal market previously thought to be expected to rebound in the second half of the year, in addition to TSMC, the capacity utilization of wafer foundry will decline in the second half of the year, customers may cut orders in violation of the long-term contract , and excessive chip inventory may be cancelled. According to technews, Tamo believes that TSMC continues to make breakthroughs in the 2 / 3nm process, takes the lead in technology, and the demand for HPC and automotive chips accounts for 45% of the total revenue.
By increasing the market share of TSMC by customers such as Qualcomm, NVIDIA and Intel, it should be able to alleviate the impact of the slowdown in demand for consumer electronic terminals such as smartphones and PCs this year .
In addition to TSMC, Damo believes that companies that take an important position in the localization of the semiconductor industry chain in Chinese Mainland, including Weill Co., Ltd., star semiconductor and Zhongwei company, will also continue to gain more market share in a difficult environment.
The situation of other manufacturers is more severe. Damo believes that the P / E ratios of Lianyong, silijie, South Asia technology, lijidian and Zhuosheng micro are still higher than their peers, but their pricing power is weakening, which indicates that the market underestimates the problem that the profits of these companies may deteriorate in the next 2-3 years .
