NHK WORLD-JAPAN NEWS – Chip-sector earnings reveal AI winners and losers
チップ部門の収益がAIの勝者と敗者を明らかにする
in this segment we preview next week’s biggest business and economic stories . Highly influential technology companies are set to announce earnings for the July to September quarter. Google parent alphabet meta Microsoft and Apple. Each has made huge investments in artificial intelligence with the aim of reaping significant rewards in the future. This has been a major driver of the recovery in the semiconductor Market, but not all companies in the industry are seeing the benefits . Two others that recently released Financial results are
ASML of the Netherlands, and Taiwan’s TSMC. Both are linchpins of the global semiconductor market, but their earnings tell a different story. ASML is the only company that makes lithography machines essential in turning out the most advanced chips. TSMC is the largest customer. It uses the machines to make chips for clients such as Apple and NVIDIA. ASML reported that sales and net profit for the July to September period were slightly better than expected, but it said it expects the market to be quite a bit weaker in the months ahead.
The the strong performance of AI you know clearly continues and I think it it continues to come with with quite some quite some upside but you also see that than in other market segments uh it takes longer to to recover. TSMC meanwhile reported sales and profits that hit records. It also expects revenue to keep growing on the back of demand for chips for AI. Yamamoto Mao chief analyst at Nissei Asset Management says it is becoming clear that demand for semiconductors for things other than AI is lagging. AI the earnings reports of the two firms show demand for chips for AI is indeed strong that for non-AI products is not falling, but the pace of recovery is turning out to be slow. The market for chips for non-AI products such as smartphones, personal computers, automobiles and servers is not growing as expected. I think the economic slowdown in China and inflation lasting longer than expected are behind this weakness.
The market for personal computers is a good example from January to March the number of units shipped worldwide grew for the first time in 2 years, but in the third quarter it fell again.
Yamamoto believes there will be a clear difference between the performance of companies like tSMC and Nvidia riding the wave of demand for AI chips and those that are not like Samsung and Intel. He says one factor Weighing on the market is US interest rates.
I think companies with a high ratio of sales of chips for things other than AI will likely come out with earnings that show how tough things are, but the market is rebounding. I project demand for chips for non-AI products will rise when the effects of expected rate cuts by the US Federal Reserve start to emerge.
Other chip firms including Intel and Nvidia are set to announce their earnings in the coming weeks that should give a clearer picture of where the industry is headed. I’m John Laddu and that was this week’s bispiks.
segment ˈsɛɡmənt セグメント、部分
preview ˈpriːvjuː 予告する、プレビュー
business and economic stories ˈbɪznɪs ənd ˌɛkəˈnɑmɪk ˈstɔriz ビジネスおよび経済ニュース
highly influential ˈhaɪli ˌɪnfluˈɛnʃəl 非常に影響力のある
earnings ˈɜrnɪŋz 収益、利益
semiconductor market ˌsɛmɪkənˈdʌktər ˈmɑrkɪt 半導体市場
financial results faɪˈnænʃəl rɪˈzʌlts 財務結果
lithography machines lɪˈθɑgrəfi məˈʃinz リソグラフィー装置
net profit nɛt ˈprɑfɪt 純利益
TSMC (Taiwan Semiconductor Manufacturing Company) ˈteɪˌsɛmˈsiː 台湾半導体製造会社(TSMC)
demand dɪˈmænd 需要
non-AI products nɑn-eɪaɪ ˈprɑdəks 非AI製品
economic slowdown ˌiːkəˈnɑmɪk ˈsloʊˌdaʊn 経済の減速
interest rates ˈɪntrəst reɪts 金利
Federal Reserve ˈfɛdərəl rɪˈzɜrv 連邦準備制度(米国)
rebound rɪˈbaʊnd 回復
set to announce sɛt tuː əˈnaʊns 発表予定である
a clearer picture ə ˈklɪrər ˈpɪkʧər より明確な状況
来週の注目ビジネスおよび経済ニュースをプレビューします。影響力の大きいテクノロジー企業が7~9月期の収益を発表する予定です。Googleの親会社アルファベットやMeta、Microsoft、Appleの各社がAIに多額の投資を行い、将来的な収益を目指しています。これが半導体市場回復の主要な要因となっていますが、すべての企業がその恩恵を受けているわけではありません。オランダのASMLと台湾のTSMCはグローバル半導体市場の要ですが、それぞれの収益状況は異なります。
ASMLは、最先端のチップを製造するために不可欠なリソグラフィー装置を唯一提供しており、TSMCはその最大顧客です。ASMLは7~9月期の売上と純利益が予想をわずかに上回ったものの、今後数ヶ月で市場がかなり弱含む見通しを示しました。TSMCは一方で、AIチップの需要に支えられた売上と利益が記録的な水準となり、収益の成長が続くと見込んでいます。
Nissei Asset Managementのチーフアナリストである山本真央氏によれば、AI以外の製品向け半導体の需要が低迷していることが明らかになりつつあるといいます。
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