Which kind of V-shaped or U-shaped recovery will the semiconductor industry usher in? TSMC Wei Zhejia said so

TSMC held an online law conference on the 12th, responding to analysts’ questions about whether the second half of the year will be a V-shaped recovery. President Wei Zhejia said that it is not sure whether it will be a strong V-shaped recovery, but it is certain that it will not be a U-shaped recovery, that is, the industry will be in a V-shaped recovery. Recovery in the second half of 2023.

The industry believes that semiconductor inventories will undergo drastic adjustments in the first half of this year, and analysts are concerned about TSMC's expectations and the subsequent recovery of the industry. Industry analysts and supply chains are discussing the recovery situation of semiconductors in the second half of 2023, and various speculations have been derived, such as V-shape, U-shape and even L-shape. Today Wei Zhejia put forward key views on industry trends at the conference.

Wei Zhejia said that it is not sure whether it is a strong V-shaped recovery, but it is certain that it will not be a U-shaped recovery, that is, the industry will not stagnate at a low point. Wei Zhejia said that he is confident that demand will recover in the second half of 2023. After all, inventory adjustments occurred last year, and the industrial inventory peak was in the third quarter of last year. Recently, inventory has decreased sharply and will continue to adjust in the first half of this year.