TSMC showed >50% gross margins in 4Q 2023 and for full year 2023. UMC gross margins dropped significantly down near ~30% for 4Q 2023. Let's see how GF gross margins end up for 4Q 2023 and for entire 2023 year. In a capital-intensive business-like Semiconductor Foundries, gross margins are key to generating profits which can be reinvested back into the company to enable R&D budgets and growing manufacturing capacity. Here is my best estimate for GF gross margins, 4Q 2023: 25%, full year 2023: 28%, anyone have a better estimate?
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Sales head because he was passed over for CEO.
HR person left because he was passed for for VP HR job
Reed left because he was passed over for CEO
I think the head of sales leaving is another sign there will be a change in CEO very soon. Seems like a bunch of TI folks are being brought in, probably ones who used to work with Anderskouv at TI. Seems like all of TC's people who he used to protect are no longer protected and being let go. TC protected many execs who should have been gone long ago.
🤡 Intel’s GAAP gross margins are 45% https://www.intc.com/news-events/press-releases/detail/1672/intel-reports-fourth-quarter-and-full-year-2023-financial
What do you make of Sales head leaving?
To @1ljf and all:
TC started as a F8 brand-new GM his 1st townhall in Malta waving the famous T-short with statement "Unless you're the lead dog, the view never changes" referring to TSMC, apparently pleasing Sanjay (then CEO) and deserved the applauds. Imaging that!
We know how well 10nm FinFET NPI worked out and TSMC/GloFo gap has more than doubled over his reign from ~$30B up to $71B - as he's keep pleasing the masters and couldn't care less about foundry
@1jla you are clueless, the only clown is when you look in the mirror. Intel will need to have gross margins similar to TSMC otherwise TSMC will destroy them with much more investment. GF must have gross margins similar to UMC which they don't and is why UMC has taken over as #2 foundry and is widening the gap back to GF. It is apparent you don't understand what goes into creating gross margins, in automated FAB headcount costs are not the main cost, energy costs are the main cost, research more and type less.
If @byr doesn't understand TSMC is a competitor, then he/she doesn't understand TSMC's business. They are a serious competitor to everyone in the foundry world since they are major players in legacy nodes and advanced nodes. Think first, type second!!!
I hope not. GF is an absolutely terrible investment choice
@jwa, you should take economics 001 so you understand why gross margins are so important in a capital-intensive business. If you don't make enough gross margin, you can't reinvest as much as the competition and each year you fall further behind.
Margins in US and European companies are never as good as Asian companies due to cheap labor and cheaper raw material costs. Economics 101. Try it.
OP sounds more like an investor than an employee.
To compare GF margins with TSMC is foolish, they don’t play in the same ballpark.
Not sure if it really matters. See how suffocating it is in office. Not to offend anyone but .. do you see any single competent manager or leader in company left. All talented managers and players are gone. Left are incompetent, biased, political and a-s lickers who could not find job anywhere. Remaining few are in transition as other big and successful companies keep looking for talent as they see the future growth due to their cutting edge roadmap that needs talented employees.
Does it really matter? Honestly, does it? Regardless of GF's success, you're still getting garbage raise. And that raise, you won't see until 2nd Qtr. Your manager will still be inept. Youre medical benefits cost will continue to rise. It's ok though, word has it TC just dropped $200k renovating his Broadway mansion. 👋