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Analyst
Charlie Chan
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q3 (8 quarters).
- Questions
- 17on tracked calls
- Challenge rate
- 6%1 of 17 questions
- Companies
- 1questioned at least once
- Reporting periods
- 8with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 17 of 17 questions from 1 company
TSMTaiwan Semiconductor Manufacturing Company Limited17 questions · 8 reporting periods · 1 of 17 challenging
Calendar 2026 Q3
do you think those are kind of a purpose SoW 3.5D can really catch customers who have very rapid developments
Show response
Said TSMC alone produces 5x reticle packages with excellent yield and is working on 9x and 14x; CoWoS remains customers' first choice.
There are some concern about this customer may insource more than outsource to you.
Show response
Said A14 engagement already exceeds 2 nm and expects A14 to be a bigger node, but declined to comment on the specific customer.
if some customer, they initially choose to use Intel's EMIB-T, and for some reason cannot get to sufficient demand
Show response
Confirmed TSMC would act as a backup, citing its priority on getting customers' products to market smoothly.
Calendar 2026 Q2
Would TSMC worry that your competitors to take more slots and build a large capacity in the future
Show response
Argued the moat is fundamentals (technology, manufacturing, customer trust); switching foundries is not like buying milk from a store.
Are you ready to revise up the five-year revenue CAGR, especially this AI semi CAGR?
Show response
Declined a new CAGR number but said the AI CAGR is stronger than previously guided.
Calendar 2026 Q1
would the management provide kind of a long-term CapEx guidance to investors?
Show response
Wendell declined a specific multi-year number but said the next three years of CapEx will be significantly higher than the prior three ($101B).
is TSMC comfortable to open up your compute die to your competitors, for example, Intel to do the package?
Show response
C.C. Wei welcomed competition as more customer choice but did not directly commit to opening the compute die, noting TSMC supplies the largest reticle packaging.
Calendar 2025 Q4
And what TSMC can really do to mitigate or avoid potential market share loss at those key U.S. customers
Show response
Wei dismissed Intel foundry competition, citing multi-year lead time for advanced tech and 30+ years of competing, and expressed confidence in continued growth.
can you give us some your underlying assumption for PC shipments, smartphone shipments, et cetera?
Show response
Wei expects very minimal PC/smartphone unit growth on higher memory prices, but TSMC's high-end mix is less sensitive so its demand stays strong.
Calendar 2025 Q3
whether China can really import NVIDIA GPU, would that kind of discount your potential long-term growth of the AI CAGR?
Show response
C.C. Wei said even with a limited China opportunity he remains confident AI growth stays dramatic and that a 40%+ CAGR can still be achieved.
the customer continue to think that Moore's law is dead. Can we get some clarification from TSMC?
Show response
C.C. Wei directly reframed the comment as system-level performance rather than chip alone, and said TSMC designs front-end, back-end and packaging to meet requirements.
Calendar 2025 Q2
when TSMC consider your 2026 wafer pricing, so-called reflecting your value, would you consider this FX impact
Show response
C.C. Wei reiterated confidence in a 53% and higher long-term gross margin and said the company is working to reflect its value in pricing, but did not commit to a specific 2026 margin level.
China becomes your addressable market again, do you think that mid-40% CAGR target can be revised up?
Show response
C.C. Wei called the H20 China news positive for customers and TSMC but said it was too early to raise the mid-40s AI accelerator CAGR, deferring to a future quarter.
Calendar 2025 Q1
does the TSMC get involved in all those tariff negotiations between Taiwan government and the U.S. government?
Show response
C.C. Wei answered directly that tariffs are a government matter and TSMC as a private company is not involved in negotiations.
based on your second quarter guidance, which is very strong, up 13% quarter-on-quarter.
Show response
Wendell attributed the strong Q2 guide to genuine 3nm/5nm HPC demand rather than tariff pull-ins, holding full-year growth at close to mid-20s percent.
Calendar 2024 Q4
do you think the Taiwan supply chain can really facilitate this CPO, because we thought these are key components
Show response
C.C. Wei said silicon photonics results are good but big volume is one to one-and-a-half years out.
I'm wondering whether that will create some business impact to your China business and how are we going to manage it?
Show response
C.C. Wei said impact appears manageable and TSMC is applying for special permits for non-AI (automotive, crypto) customers.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Limited | 17 | 6%1 of 17 questions |
- TSMTaiwan Semiconductor Manufacturing Company Limited · 17 questions6%1 of 17 questions
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | 2 | 0%none of 2 questions | 1 |
| 2025 Q2 | 2 | 0%none of 2 questions | 1 |
| 2025 Q3 | 2 | 50%1 of 2 questions | 1 |
| 2025 Q4 | 2 | 0%none of 2 questions | 1 |
| 2026 Q1 | 2 | 0%none of 2 questions | 1 |
| 2026 Q2 | 2 | 0%none of 2 questions | 1 |
| 2026 Q3 | 3 | 0%none of 3 questions | 1 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q32 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2025 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q22 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2026 Q33 questions · challenge rate 0% (none of 3 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics7
- Demand5
- Innovation & R&D4
- Cloud & AI3
- Regulation Policy3
- Trade Tariffs3
- Capex Investment2
- Pricing2
- Supply Chain1
- Revenue Growth1
Show all 16 topics
- Cost Pressure1
- Margin1
- Fx1
- Geographic Expansion1
- Guidance Reliability1
- Product Launch1