TSMC Sees Demand Spike For Auto Chips Thanks To Tesla, Nvidia, Qualcomm, Intel

Taiwan Semiconductor Manufacturing Co Ltd TSM saw orders for automotive electronics chips accelerating at a faster-than-expected pace, Digi Times reports.
TSMC's advanced technology leadership will likely attract an influx of AI chip orders for autonomous driving from vendors including NVIDIA Corp NVDA, Qualcomm Inc QCOM, Intel Corp INTC, and Tesla Inc TSLA.
TSMC commanded a more than 90% share of the 7/5nm foundry process segment.
TSMC was also the largest beneficiary of IDMs stepping up their outsourcing of automotive MCUs and other chips to pure-play foundries.
TSMC had already won 70% of the total automotive chip orders placed by IDMs.
IDMs including Infineon Technologies AG IFNNF, NXP Semiconductors NV NXPI, STMicroelectronics NV STM, Texas Instruments Inc TXN, and Renesas Electronics Corp RNECF have outsourced 15% of automotive chip production. The proportion is poised to grow.
TSMC was building new 28nm process fabrication lines at its 12-inch fab in Nanjing.
TSMC and Sony set up a joint-venture fab Japan Advanced Semiconductor Manufacturing for 22nm and 28nm process manufacturing in Kumamoto, Japan attracting Denso's participation.
Price Action: TSM shares traded lower by 0.21% at $107.14 on the last check Tuesday.