| From: BeenRetired | 4/9/2021 10:23:56 AM | | | | | | Fool:
ASML 1 of 4 best chip guys to buy for next decade...
The 4 Best Semiconductor Stocks to Buy for the Next Decade
Leo Sun 1 hr ago
The Dutch company controls about 90% of this market, and its newest EUV (extreme ultraviolet) lithography systems are used to manufacture 5nm and 7nm chips. Its largest customer is TSMC, so it should directly benefit from the latter's rising capex over the next decade.
ASML will launch even more advanced EUV systems, called high-NA systems, over the next few years to manufacture 3nm and 2nm chips between 2022 and 2025. That roadmap directly aligns with TSMC's, and it will enable ASML to remain one of the industry's most important equipment makers for the foreseeable future.
ASML's revenue and earnings rose 18% and 38%, respectively, last year. Analysts expect its revenue and earnings to grow another 32% and 41%, respectively, this year as it profits from surging demand for new chips.
The 4 Best Semiconductor Stocks to Buy for the Next Decade (msn.com) |
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| From: BeenRetired | 4/9/2021 6:39:40 PM | | | | | | AMD's Ryzen 9 5900 Blurs The Line Between Performance And Value
By Zhiye Liu 19 hours ago
Unattainable Zen 3 monster
Hardware detective Tum_Apisak has spotted AMD's Ryzen 9 5900 in a new benchmark. The 12-core processor appears to be a complete monster, but it's a shame that the chip is exclusive to OEMs.
Coming out of TSMC's 7nm furnace, the Ryzen 9 5900 is just like any other Ryzen 5000 (Vermeer) processor. Wielding the mighty Zen 3 cores, the Ryzen 9 5900 is essentially the power-optimized version of the Ryzen 9 5900X. The Ryzen 9 5900 retains the same 12-core, 24-thread design with 64MB of L3 cache as its counterpart. Unlike the Ryzen 9 5900X's 105W TDP, the non-X model is restricted to 65W.
With a stricter power limit, the Ryzen 9 5900 obviously arrives with lower operating clock speeds. The processor has a 3 GHz base clock, which is 700 MHz lower than the Ryzen 9 5900X. The boost clock, on the other hand, didn't suffer a huge reduction. The Ryzen 9 5900 easily boosts to 4.7 GHz, only 100 MHz lower than the Ryzen 9 5900X.
It's normal to wonder how the Ryzen 9 5900 performs in comparison to the Ryzen 9 5900X given the lower TDP. Being an OEM-exclusive processor, it's hard to find benchmarks of the Ryzen 9 5900 until Tum_Apisak managed to unearth one for us. UserBenchmark doesn't have the best street cred, but it's what's available so we'll have to settle for that benchmark for now.
With all things considered, the Ryzen 9 5900 is a very attractive processor, and it's a mystery while AMD won't offer it to the retail market. The Ryzen 9 5900X has a 61.5% higher TDP, and it's less than 10% faster than the Ryzen 9 5900. Of course, we'd have to put the Ryzen 9 5900 through its paces to see whether the performance delta from UserBenchmark is valid.
Officially, the Ryzen 9 5900 is only available to OEMs, but that's what AMD also said with its Ryzen 4000 (Renoir) APUs, and we found them all over the place. It's only a matter of time before the Ryzen 9 5900 hits the grey market if it hasn't already. |
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| From: BeenRetired | 4/10/2021 7:06:24 AM | | | | | | "TSMC has kept its fabs running at 'over 100% utilization' over the past year"...
In response, TSMC has kept its fabs running at “over 100% utilization” over the past year, Chief Executive Officer C.C. Wei told clients in a letter recently. The company -- already planning capital spending of as much as $28 billion this year -- will invest $100 billion over the next three years to expand its capacity, he said. |
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| From: BeenRetired | 4/10/2021 7:22:10 AM | | | | | | TSMC CC: "Today, as we enter another period of higher growth"...
Amen.
ASML
Next, let me talk about our capital intensity outlook. As we have said previously, our long-term capital intensity is in the mid-30s percentage range. However, when we enter a period of higher growth, our capex needs to be spent ahead of the revenue growth that will follow, so our capital intensity will be higher. For example, during 2010 to 2014, our capex spending increased threefold as compared to the previous few years and our capital intensity range between 38% to 50%. Because of the increased investment, we were able to capture the growth opportunities and deliver above 15% growth CAGR from 2010 to 2015. Today, as we enter another period of higher growth, we believe a higher level of capacity -- capital intensity is appropriate to capture the future growth opportunities. We now expect a higher growth CAGR in the next few years, driven by the industry megatrends of 5G and HPC-related applications, which C.C. will discuss in more detail. |
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| From: BeenRetired | 4/10/2021 7:34:05 AM | | | | | | TSMC CC: Will outgrow hot chips market on EUV stuff
Now, I will talk about our 2021 outlook. For the full-year of 2021, we forecast the overall semiconductor market, excluding memory, to grow about 8%, while foundry industry growth is forecast to be about 10%. For TSMC, we are confident we can outperform the foundry revenue growth and grow by mid-teens percentage in 2021 in US dollar term. Our 2021 business will be supported by strong demand for our industry-leading advanced and specialty technologies, where we see strong interest from all four growth platforms, which are smartphone, HPC, automotive and IoT.---How 'bout Farm, City, Street, Drone & Robot, Video & Audio and on and on and on?
P.S.
Me?
I don't think TSMC, like everyone, fails to get the full picture.
All way too busy with own knitting.
One guy's $1800 PT?
Prolly toooo low...
ASML |
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| From: BeenRetired | 4/10/2021 7:44:21 AM | | | | | | 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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| From: BeenRetired | 4/10/2021 7:51:04 AM | | | | | | TSMC CC: "N3 technology development is on track with good progress"...
Now, I will talk about the N3 status. N3 will be another full node stride from our N5 with up to 70% logic density gain, up to 15% performance gain and up to 30% power reduction as compared with 5-nanometer. Our N3 technology will use FinFET transistor structure to deliver the best technology maturity, performance and cost for our customers. Our N3 technology development is on track with good progress. We are seeing a much higher level of customer engagement for both HPC and smartphone application at N3 as compared with N5 and N7 at a similar stage. Risk production is scheduled in 2021 and volume production is targeted in second half of 2022. Our 3-nanometer technology will be the most advanced foundry technology in both PPA and transistor technology when it is introduced. Thus, we are confident our 3-nanometer will be another large and long-lasting node for TSMC. |
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| From: BeenRetired | 4/10/2021 8:06:19 AM | | | | | | TSMC CC: We're very, very big into Shrink n Stack...
Finally, I will talk about TSMC's 3D fabric. TSMC has developed an industry-leading and comprehensive wafer-level 3DIC technology roadmap to enhance system-level performance. Our differentiated chiplet and heterogeneous integration technologies drive better power efficiency, as smaller form factor benefit for our customer, while shortening their time to market. This technology, including CHIPS stake in solution, such as SoIC, as well as our advanced packaging solutions, such as InFO and CoWoS. We observe chiplets are becoming an industry trend. We are working with several customers on 3D fabric to enable chiplet architecture. SoIC's full volume production is targeted in 2022. SoIC is expected to be first adopted by HPC applications, where bandwidth performance, power efficiency and form factor are aggressively pursued. We expect revenue from our back-end services, which include InFO's advanced packaging and testing to grow at a rate higher than corporate average in the next few years.
P.S.
Shrink n Stack
Silicon Brain.
Quantum Computing.
It's JUST started!!!
ASML. |
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