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Technology Stocks ASML Holding NV

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From: BeenRetired	4/10/2021 7:44:21 AM
	of 34925

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
	of 34925

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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To: BeenRetired who wrote (17050)	4/10/2021 8:00:21 AM
From: BeenRetired	of 34925

TSMC CC: 3nm "risk production is scheduled in 2021"... NXE:3400Cs upgraded to NXE:3600D specs? Hmmm... Litho-as-a-service. ASML

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From: BeenRetired	4/10/2021 8:06:19 AM
	of 34925

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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From: BeenRetired	4/10/2021 8:27:45 AM
	of 34925

TSMC CC: "cost per transistor actually start continue to decrease"... EUV ROI. NOT EUV ASP. ASML Jeff Su* -- Director of Investor Relations Okay, Sunny. So your first question is on 3-nanometer, you want to know the visibility into customer adoption of 3-nanometer into second half 2022 and how does it compare to 5-nanometer or prior nodes, and also the cost per transistor at 3-nanometer, is it still declining? C.C. Wei -- Chief Executive Officer Let me answer that. The cost per transistor actually start continue to decrease. But for your question about engagement, we said the customer -- we see a lot of customer, especially from the HPC field, they are engaged with their activity with TSMC. *Yet clown shills/"experts" all consumed by "high" price. clowns... With big strides still to be made. ASML

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From: BeenRetired	4/10/2021 8:33:51 AM
	of 34925

TSMC CC: 5nm demand "very strong, stronger than we expected 3 months ago"... Wendell Huang -- Vice President, Finance and Chief Financial Officer Laura, let me add some colors. I think our business has been driven in the past few years by smartphones. Starting from this year on, the HPC also jump on the wagons. And therefore, we looking -- forward looking, we see the traditional seasonality can be moderated with multiple big customer in multiple market segments. So that's our confidence. The other confidence is, our capex includes 3-nanometer, also 5-nanometer. Our 5-nanometer is also very strong, stronger than we expected three months ago. So those two combined to give us the confidence to increase our capex.

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From: BeenRetired	4/10/2021 8:41:13 AM
	of 34925

TSMC CC: "moving some of their mature node to more advanced node"... Decision making will ALWAYS move closer to the End Point. Here, history DOES repeat. Bits ONLY soar from here. ONLY the terminally stupid don't get it. ASML Jeff Su -- Director of Investor Relations Okay. So, Robert, your question is on the tightness or shortage in the wafer. He is asking, is it at particular nodes such as 65-nanometer and 90-nanometer, 0.13, how short it is and how long it will last? C.C. Wei -- Chief Executive Officer Robert, most of the shortage actually is in the mature node. It's not in the 3 -- not in the 5 or 7-nanometer per se---That's simply a crock. See top of food chain Apple---. But in all the mature node, especially in 0.13 [Phonetic] micron, 40-nanometer, and 55-nanometer, in those areas. Jeff Su -- Director of Investor Relations Okay? Robert Sanders -- Deutsche Bank -- Analyst Can I just follow-up with -- one follow-up, which is just -- you haven't traditionally built capacity there, but they could become part dependencies for the industry if they are continuing to be short. So, would you actually consider building greenfield to help the industry or you think that other foundries will handle that? Jeff Su -- Director of Investor Relations So, Robert, your follow-up question is then, given the shortage or tightness on some of these mature nodes, will we consider to expand, build new capacity at these mature nodes to alleviate any potential bottleneck risk? C.C. Wei -- Chief Executive Officer Well, actually, we are working with customer closely and moving some of their mature node to more advanced node where we have better capacity to support them. In addition to that, we also try to manage this shortage condition, try to mitigate the impact from this shortage.

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From: BeenRetired	4/10/2021 8:50:31 AM
	of 34925

TSMC CC: No one discloses anything about EUV... Krish Sankar -- Cowen and Company -- Analyst Yeah. Hi, thanks for taking my question. I also had two on capex. Number one, pretty nice step up in capex this year from last year. Is it fair to assume your investment in EUV is also up this year relative to last year? And then I had a follow-up. Jeff Su -- Director of Investor Relations Okay. So Krish's first question is that, with our increase in capex guidance -- that we guided for in 2021 versus 2020 being an increase, does that also mean an increase in the capex we spend on EUV? Wendell Huang -- Vice President, Finance and Chief Financial Officer No, we do not disclose that details.

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From: BeenRetired	4/10/2021 8:55:24 AM
	of 34925

TSMC CC: ~5 years of bigly elevated CapEx. Read NXE & EXE + eScan... Jeff Su -- Director of Investor Relations Okay. So Krish's second question is in terms of capital intensity, with the capital intensity or capex per K at 3-nanometer being higher, and then we have the long-term capital intensity returning to mid-30s. He wants to know when will we return to mid-30s capital intensity level? Is that correct, Krish? Krish Sankar -- Cowen and Company -- Analyst Yes. Thank you, Jeff. Yes. Wendell Huang -- Vice President, Finance and Chief Financial Officer Yeah. We mean long-term meaning three to five years. I think 2010 to 2014 can be an example. During that period of time, the capital intensity rose from 38% to 50%, maintaining at high-40s for a couple of years and came down afterwards. Something like that should be a reference.

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From: BeenRetired	4/10/2021 9:05:06 AM
	of 34925

What part of en fuego chips doesn't slime street get? The recent coordinated manipulation of rates, oil, VIX and Tech rapidly collapsed. Fact heap is quite high for Tech. ASML sits atop.

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