According to Taiwan Media Economic Daily News, JPMorgan Chase recently released a report that Intel has begun outsourcing the mass production of 5nm CPUs. TSMC is expected to receive orders in the first half of 2022, six months to one year earlier than market expectations. In this regard, TSMC said it would not comment on the contents of the report.

It is reported that JPMorgan Chase’s report also pointed out that before the mass production of Intel’s 5nm chips, TSMC has the opportunity to win Intel’s Xe GPU and chipset orders first, using the same advanced 7nm and 6nm technologies.

At the same time, although Huawei’s ban has caused MediaTek and Novatek to cut orders, overall semiconductor demand remains healthy. With the support of major customers such as Nvidia, AMD, Apple, and Qualcomm, TSMC’s orders are still full. TSMC is expected to be in the fourth quarter. Revenue will remain stable at the peak of the third quarter, unaffected by inventory adjustments. In addition, TSMC’s revenue from 2020 to 2022 will increase year by year, reaching its peak in 2022.

The report released by IC insights, a market research agency, shows that TSMC’s 2H20/1H20 sales are expected to increase by 8%, and the annual growth rate will reach 24%. For the third quarter, research institutions expect TSMC’s revenue to continue to rise year-on-year. They expect to reach 11.35 billion US dollars, an increase of 1.95 billion US dollars from the 9.4 billion US dollars in the third quarter of last year, an increase of 20.7%.