Discussion Topics
• Based on recent BWG Strategy Forums, the magnitude of downside negative news flow on foundries and the overall semiconductor cycle is diminishing, meaning a positive cyclical 2nd derivative trend.
• We will look to get further perspectives on this phenomenon in this Forum.
• TSMC (TSM) remains the dominant player in the global semiconductor foundry industry, but Intel (INTC) is poised to leap back in front of TSMC with its 18A process that will utilize Gate-all-Around features.
• What does this mean for TSM from a 2025 and beyond market share, pricing and margin perspective?
