A top fund in Greater China is concerned about the uniform investment in the investment. TSMC's overseas expansion will weaken the company's return on investment.
According to Bloomberg News on Friday (May 5th), the unified investment fund manager Derek Lin pointed out in an interview on Tuesday (2nd) that TSMC's overseas expansion will lead to increased production costs and reduced efficiency of the company, and then therebyWeaken its return on investment.
He believes that TSMC will maintain the return on investment at the current level in the next five to 10 years., But it is difficult to completely offset the effect of increased costs and decreased efficiency.
TSMC recently actively went to overseas factories, including Kumamoto, Japan, and Phoenix, Arizona.Bloomberg Society quoted people familiar with the matter on Wednesday (3rd) that TSMC will also use partner merchants to cost up to 10 billion euros (S $ 14.7 billion) to set up chip manufacturers in Saxon, Germany.
The US stock god Buffett also expressed concerns about TSMC earlier, but he was more concerned about the impact of the tension between the two sides of the strait on TSMC.Berkshire Hathaway, Buffett, reduced its holdings of about 51.8 million TSMC stocks in the fourth quarter of 2022.
The tension on both sides of the strait also worried Derek Lin, but he did not see the risk of conflict.
However, Derek Lin is still optimistic about the prospects of semiconductors in the second half of this year, especially in companies engaged in algorithms, high -performance computing and artificial intelligence -related companies.He believes that although the future growth momentum seems to be blurred, chip demand for consumer electronics is expected to recover later this year.
