Industry insiders say TSMC has lowered its OEM quotation in the next few quarters.

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! August 20 news, according to industry insiders, due to the lack of order visibility and customer order motivation, TSMC has lowered the OEM quotation for the next few quarters.

Founded in 1987, TSMC is a foundry semiconductor manufacturer whose customers include Apple, Qualcomm, Huawei and so on.

At the beginning of June this year, there was news in the market that the company had planned to raise the quotation for advanced processes in 2024, and had completed negotiations with a number of major customers one after another, and the probability of price increase was quite high. Now, the company's high prices, which have always been strong, can no longer hold up because of weak demand.

Last week, it was reported that TSMC and its subsidiary, World Advanced, which makes automotive chips, cut the contract price of 8-inch wafers by as much as 30% due to weak demand and market competition.

On the performance side, due to a decline in demand for chips due to falling demand for consumer electronics, the company's consolidated revenue in the first quarter of this year was NT $508.63 billion, up 3.6% from a year earlier and down 18.7% from a month earlier, while net profit rose only 2.1% from a year earlier, the smallest quarterly increase in nearly four years.

In the second quarter, the company's consolidated revenue was about T $480.8 billion, down about 10% from a year earlier, while net profit was NT $181.8 billion, down 23.3% from a year earlier. The company's revenue and net profit fell by less than 14% and 27%, respectively, as analysts had generally predicted (Fox).