TSM · TSMC · INTC · Intel
Shared beliefs · multiple companies addressed
“we are also working hard to double our CoWoS capacity in 2025 to support journeys”
“Intel Foundry delivered revenue of $4.7 billion, up 8% sequentially on pull-ins of Intel seven wafers and increased advanced packaging services.”
“of course, we do not comment on specific customer product, but let me assure you that we have taken this into consideration when providing our full-year growth outlook.”
“the very fluid trade policies in the US and beyond as well as regulatory risks have increased the chance of an economic slowdown with the probability of a recession growing”
“You mentioned the underloading of the mature node, and so again I would emphasize no, we are not going to slowdown our plan in Japan or in Germany.”
“capacity constraints in Intel seven, which we expect to persist for the foreseeable future”
Single-issuer beliefs · only one company addressed
“The last time when we talk about the CoWoS, the demand is almost insane and much, much higher than we can prepare. And now it's a little bit better. I think still we need to build a lot of capacity to meet the demand.”
“we are confident that our revenue growth from AI accelerators will approach a mid-40s percentage CAGR for the next five years period starting from 2024”
“We expect the number of new tapeout for 2-nanometer technology in the first two years to be higher than both 3-nanometer and 5-nanometer in their first two years, fueled by both smartphone and HPC applications.”
“we expect our business to be supported by strong growth of our 3-nanometer and 5-nanometer technologies”
“We reiterate our 2025 capital budget is expected to be between US$38 billion and US$42 billion as we continue to invest to support customers' growth. About 70% of the capital budget will be allocated for advanced process technologies.”
“We already have one large custom design win, and I would expect more.”
“While we are currently focused on delivering Intel 18A, we are also working closely with customers to define the critical KPIs to ensure online delivery of Intel 14A.”
“We have a lot of important building blocks in place, including the RAM of Intel 18A in February to support the launch of our first Pantheon Lake SKU by year-end, with additional SKUs coming in February.”
“I think as you get into '26, things start to go the other direction, you know, Panther Lake will be ramping more in volume next year. It's a better margin product than Lunar Lake just on the, you know, on an apples-to-apples basis, but on top of that, you know, as you know, we have 18A, on Panther Lake, so it brings th…”
“We also see optics as a critical element of that rack scale architecture as well. And I think I would just remind everybody that Intel is the only foundry out there that has an optics-based foundry option for our customers, and so we're very optimistic that those two things add to the overall opportunity to build out t…”