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Technology Stocks : ASML Holding NV
ASML 572.85-2.3%Sep 26 3:59 PM EDT

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From: BeenRetired4/10/2021 7:44:21 AM
   of 27644
TSMC CC: "multi-year megatrend"...

Next, let me talk about TSMC's long-term growth outlook. We are entering a period of higher growth as the multi-year megatrend of 5G and HPC-related applications are expected to fuel strong demand for our advanced technologies in the next several years. We expect global smartphone units to grow 10% year-over-year in 2021. We forecast the penetration rate for 5G smartphone of the total smartphone market to rise from 18% in 2020 to more than 35% in 2021.

We expect the silicon content of a 5G smartphone to continue to increase as compared to a 4G smartphone. We continue to expect faster penetration of 5G smartphone as compared to 4G over the next several years as 5G smartphone benefit from the significant performance and with a latency improvement of 5G network to drive more AI applications and more cloud services. We believe 5G is a multi-year megatrend that will enable a world where digital computation is increasingly ubiquitous, which will fuel the growth of all four of our growth platforms in the next several years.

As we enter the 5G era, a smarter and more intelligent world will require massive increases in computation power and greater need for energy-efficient computing, and therefore, require leading-edge technologies. Thus, HPC is an increasingly important driver of TSMC's long-term growth and the largest contributor in terms of our incremental revenue growth. With our technology leadership, we are well positioned to capture the growth from the favorable industry megatrend. We now expect our long-term revenue growth to be 10% to 15% CAGR from 2020 to 2025---sandbaggin' RegFD CEO---in US dollar terms.
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