The Circuit
Episode 90: TSMC/ASML Earnings Signals, X86 Consortium, Nuclear Trending
Oct 24, 2024
Recent semiconductor earnings reports reveal ASML's struggles versus TSMC's bright outlook. The discussion highlights the competitive clash between Intel's x86 architecture and ARM's rising influence. Innovations in cooling systems, particularly liquid cooling, are reshaping data center designs. The duo explores the implications of the tech industry's increasing shift toward nuclear energy, as major firms seek greener solutions. Strategic partnerships, especially for data centers, illustrate the evolving landscape of competition in the sector.
44:54
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Quick takeaways
- ASML reported disappointing earnings driven by order pushouts, while TSMC's optimistic outlook contrasts the semiconductor industry's cyclical challenges.
- The collaboration between Intel and AMD in the x86 consortium highlights the competitive pressures from ARM as the market evolves.
Deep dives
Earnings Dynamics: ASML and TSMC
ASML's latest earnings report revealed disappointing numbers, particularly concerning its future guidance, causing a significant drop in stock value. The decline appeared driven by order pushouts from major clients like Intel and Samsung, as well as softness in orders from China. This situation has raised concerns about the cyclical nature of the semiconductor industry, highlighting that downturns are expected even amid long-term growth trends. Conversely, TSMC's positive performance and bullish statements about demand swiftly helped recover some market optimism, indicating a contrasting sentiment within the semiconductor sector.
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