>Frankly, IMHO things in the long term aren’t looking that great for TSMC. Some of their business is going to get eaten by “local” fabs - even if they can’t do

>Frankly, IMHO things in the long term aren’t looking that great for TSMC. Some of their business is going to get eaten by “local” fabs - even if they can’t do leading edge nodes they will eating into TSMC’s business on the lower end. TSMC's Q3 shown bulk of their revenue come from higher end node. 7nm along is at 34%. the only other options for high end node is Samsung and Intel. I don't see any long term problem for TSMC if they keep going at its current pace. Not many foundry can do high end. GlobalFoundries vow out at 7nm a long time ago. https://investor.tsmc.com/english/encrypt/files/encrypt_file/reports/2021-10/af12cfa80ff8f0f2525377fa574bdc00c2ac2a87/3Q21Presentation%28E%29.pdf https://investor.tsmc.com/english/encrypt/files/encrypt_file...