# Episode 50: TSMC Earnings Set Stage for 2024

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2024-01-22
- Length: 37m
- Episode: 52
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024
- Listen: https://share.transistor.fm/s/9a8d1ee3

## Summary

Ben Bajarin and Jay Goldberg analyze TSMC's strong earnings and 20-25% growth forecast, attributing the surge to NVIDIA's dominance in AI silicon and the transition to leading-edge nodes like 3nm and 2nm. They discuss the industry's shift from financial engineering to R&D-driven innovation, highlighting Supermicro's pre-announcement as a signal of intense demand for AI servers, while warning against 'AI washing' by companies like Intel and AMD that lack substantive architectural differentiation. The hosts also examine TSMC's capacity constraints, the delay of its Arizona fab, and the strategic importance of diversifying customers beyond Apple at the 2nm node.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=6) Introduction: Apple Vision Pro and TSMC Earnings Overview
- [2:47](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=167) TSMC's AI Growth and NVIDIA's Dominance
- [5:43](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=343) AI-First Silicon vs. Retrofitting and AI Washing
- [10:24](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=624) TSMC's Guidance, Apple's Share, and Capacity Constraints
- [15:22](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=922) TSMC Arizona Delays and Intel's Foundry Challenges
- [21:38](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=1298) Design Complexity and the Shift from Financial to Engineering Culture
- [25:57](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=1557) Innovation, R&D, and the Rise of AI Startups
- [30:54](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=1854) Supermicro Pre-announcement and Market Skepticism
- [34:34](https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024#t=2074) The Trap of AI Hype and the Value of Predictable Guidance

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Manufacturing partners & offshoring](https://hardwarepodcasts.com/topic/manufacturing-partners)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [AI & machine learning](https://hardwarepodcasts.com/topic/ai-and-machine-learning)
- [Growth, exits & acquisitions](https://hardwarepodcasts.com/topic/growth-exits-and-acquisitions)

## Most relevant to

large enterprises

## Mentioned

- TSMC (company)
- NVIDIA (company)
- Apple (company)
- Supermicro (company)
- Intel (company)
- AMD (company)
- Cerebras (company)
- Grok (company)
- ARM (company)
- Meta (company)
- H100 (product)
- DGX (product)
- Llama 3 (product)

## Related episodes from other shows

- [ON Semi’s Acquisition | TSMC’s Finer Nodes | Tesla’s AI Chip | China’s Fabless Companies](https://hardwarepodcasts.com/podcast/ee-times-current/2019-04-26-on-semis-acquisition-tsmcs-finer-nodes-teslas-ai-chip-chinas-fabless-companies) (EE Times Current)
- [TSMC Scraps a Batch of Wafers | AI Limitations | ISSCC](https://hardwarepodcasts.com/podcast/ee-times-current/2019-02-22-tsmc-scraps-a-batch-of-wafers-ai-limitations-isscc) (EE Times Current)
- [Bonkers Birthday Badinage](https://hardwarepodcasts.com/podcast/the-amp-hour/2012-06-18-bonkers-birthday-badinage) (The Amp Hour)
- [Interview: AMD CTO Papermaster | Interview: Imagination CEO Black | Where to Invest in 2020](https://hardwarepodcasts.com/podcast/ee-times-current/2020-01-24-interview-amd-cto-papermaster-interview-imagination-ceo-black-where-to-invest-in) (EE Times Current)
- [Whither Semiconductors? The Wheels on the Bus Go ‘Round and ‘Round](https://hardwarepodcasts.com/podcast/ee-times-current/2021-07-16-whither-semiconductors-the-wheels-on-the-bus-go-round-and-round) (EE Times Current)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/the-circuit/2024-01-22-episode-50-tsmc-earnings-set-stage-for-2024. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to The Circuit.