Tagged: capex
TSMC's 2nm is 3% of wafer revenue and will dilute 2H margins by 3-4 points: how a new node's J-curve actually works
TSMC guided Q3 gross margin down while raising its full-year growth outlook above 40%. Checked against the primary filings, the most common explanation for the dilution — that yield has not come up yet — is the one TSMC's own statements contradict.