After listening into their earnings call, their CEO really pushes aside quick profits (such as raising prices) and prefers long-term stability and keeping their existing clients happy. The investors wanted TSMC to raise chip prices and expand their operations.
People should really listen to earning calls, it shows the company's true character. From Nvidia, Intel, AMD or Apple. I have yet to see any media does a decent job and translating it to mainstream news. Mostly because Tech news (site) aren't really focused on Finance and only cares about the tech, while Finance / Investors doesn't care or known enough about about Tech and wouldn't cover it in the Finance news.
> and prefers long-term stability and keeping their existing clients happy.
That is why people partner with TSMC. As Morris Chang calls it the Grand Alliance. Unlike Samsung and Intel, TSMC is Pure Play, which means they dont have chips that compete with their clients. They are also transparent about their progress. TSMC originally put GAA on 3nm, but it was clear the tech isn't going to be mature enough in time. So they changed it to something else. Let their customer knows, let them decide if they should move on to a more mainstream node like a cost reduced 4nm, or stick to leading edge on 3nm FinFET.
Unlike Intel which lied to all of their Custom Foundry partners leaving some of them with a two years 5G delayed rollout. Or Samsung which despite having the cheapest per wafer, the cost advantage doesn't translate well when you dont have enough of them for your inventory needs.
After listening into their earnings call, their CEO really pushes aside quick profits (such as raising prices) and prefers long-term stability and keeping their existing clients happy. The investors wanted TSMC to raise chip prices and expand their operations.