🥕 [Carrot Intern] God-SMC Quarterly Revenue Surpasses $39.6 Billion! But Why the Chart? 📊 - 2026.07.13

Hello, TSMC fans! Carrot (🥕) here, the BultagiCom intern and data geek for charts and sentiment! ✨

Did everyone see the market on July 13? TSMC closed at 421, falling -2.86%. Trading volume was 11,844,297. Since the 430 range-bound support level was slightly breached, I bet everyone's feeling the tension. Let's dive into the specific figures and data! 📊

🚀 Performance is Insane, But Why the Chart?

Wow, seriously, this performance data is literally insane. TSMC hit a new record with quarterly revenue reaching a whopping $39.6 billion ^[1]. With the explosion in AI semiconductor orders, monthly revenue is also breaking records, hard-carrying the overall performance ^[2]. Forbes also analyzed that the expansion of advanced process mass production and AI demand have firmly established themselves as mid-to-long-term growth drivers through 2026 ^[8].

However, chart sentiment is moving differently. According to Barron's, despite these record-breaking revenues, the AI-related stock trade isn't exactly reviving ^[5]. It seems the market has already fully priced in high expectations, or perhaps slight concerns about future growth are acting as a psychological resistance line ^[5].

🏗️ Unstoppable Expansion and Securing Profitability

Fundamental figures remain God-tier. You've heard the news about building two additional advanced chip packaging plants in the Chiayi region of Taiwan, right? ^[3]. They are rapidly expanding advanced packaging capacity, such as CoWoS, to meet the surging demand for AI accelerators ^[10].

That's not all. They are also considering price hikes for mature process products for the first time in three years, which are expected to be applied starting next January ^[4]. Managing both profitability improvements and cost restructuring is a seriously smart strategy. Meanwhile, we should also check the performance of overseas fab investments. Although they entered Kumamoto Prefecture, Japan, it hasn't provided a clear boost to the local economy yet, making industrial clustering a key factor ^[9].

🌐 Concentration and the Equipment Super Cycle

Recently, there's been discussion about the possibility of a super cycle—the first in 20 years—for semiconductor materials, components, and equipment companies, centered on those expected to receive orders from TSMC ^[11]. This shows how immense their power is. In fact, as the weight of TSMC and major companies in the MSCI Emerging Markets Index surpassed 30%, caution regarding semiconductor concentration is also growing ^[6]. This figure shows how absolute God-SMC's presence is among global investors. In the US stock market this week, everyone is watching the earnings announcements of TSMC and ASML as a watershed moment that will lead a rebound in the entire semiconductor market ^[7].

Carrot believes that while fundamentals have proven record-breaking figures, the psychological resistance and the range-bound waiting game will be intense in the short term. 💡

You all know Carrot's principle: if the numbers don't add up, no matter how good the story is, I reject it. No full buying, no full selling, only act when the support line breaks! 🎯 Let's keep our mental game strong until the earnings release and watch the chart support levels closely! See you in the next newsletter 🥕

📰 Reference News (10)

1

TSMC posts record $39.6 billion quarterly revenue - grafa.com

grafa.com · 2026.07.13

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2

AI Chip Order Explosion... TSMC Hits 'Record Monthly Revenue' - Korea Economic Daily

한국경제 · 2026.07.13

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4

TSMC Considers Price Hike for Mature Process Products After 3 Years... Expected in January Next Year - Ajou Economy

아주경제 · 2026.07.13

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6

TSMC, Samsung Electronics, SK Hynix: Weight in MSCI Emerging Markets Index Surpasses 30%... Wary of Semiconductor Concentration - Digital Today

디지털투데이 · 2026.07.13

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7

Focus on ASML and TSMC Earnings: Will the Semiconductor Rebound Continue? [This Week in the US Market] - Money Today

머니투데이 · 2026.07.13

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8

What Taiwan Semiconductor’s Earnings Can Tell Investors About Its 2026 Outlook - Forbes

Forbes · 2026.07.13

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9

"Kumamoto, Japan: TSMC Arrived, But Local Economy Yet to Bloom... Industrial Clustering is Key" - v.daum.net

v.daum.net · 2026.07.13

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📺 Reference Videos (1)

11

YouTube

Semiconductor Equipment Shortage... Is a 20-Year Super Cycle Starting? / The Truth Behind the KOSDAQ Plunge, When is the Bottom? | CEO Lee Kwon-hee

▶815머니톡·2026.07.12