Yunnan City Investment Group began to lay out integrated circuit industry

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TSMC co-CEO Wei Zhejia said at the financial report on the 19th that TSMC’s U.S. dollar pricing revenue this year is estimated to grow by 10%, which is lower than the previous estimate of 10~15%, mainly due to the weak sales of smart machines and the lack of demand for mining chips. Certainty. TSMC pointed out that the strong demand for mining in the first quarter is expected to continue into the second quarter, but the demand for production of 28nm production lines for mining chips may weaken.CM600HA-24H

Morgan Stanley is worried that 10% of TSMC’s revenue comes from mining. If the price of Bitcoin continues to fall, TSMC’s outlook may be hurt again. Morgan Stanley analyst Charlie Chan et al. reported on the 19th that, even with a very low electricity bill (0.03 kWh/kWh), Bitcoin’s large mining pool’s profit and loss will also need to be US$8,600. If Bitcoin cannot return to 8,600, The dollar, miners may feel unprofitable. Morgan Stanley predicts that the demand and price of bitcoin mining hardware will continue to fall, which will drag down TSMC’s foundry orders.

The Morgan Stanley report pointed out that the newly-invested mining capacity will increase the difficulty of mining in the second half of the year. Based on their simulations, even if bitcoin prices remain at the current level, the mining profits in the second half will drop sharply. BSM300GB120DLC

Bernstein estimated that TSMC mining orders are mainly from Bitland, which is an ASIC chip maker and sells mining chips dedicated to Bitcoin. The mining efficiency is 50 times that of traditional GPUs. Last year's virtual currency prices exploded, and Bit Continental’s ASIC chip demand was raging. Bernstein calculated the profit of Bitland from Bitland’s order volume to TSMC, and estimated that Bitland contributed 2% to 3% of TSMC’s total annual revenue. This year may leap into the top five customers of TSMC's advanced manufacturing process. On October 19, 2017, TSMC announced its third-quarter financial report. Co-CEO Liu Deyin stated that the mining demand for virtual currency accounted for 350 million to 400 million U.S. dollars for Q3 revenue, accounting for approximately 5% of overall revenue. . Liu Deyin said that Q3's mining revenue has soared, and Q4 is expected to maintain the same performance.