TSMC, ASML Earnings to Determine Fate of Semiconductor Industry

Performance results that will determine the fate of the semiconductor industry are set to be released next week. Earnings reports and equipment investment plans from Taiwan's TSMC and the Netherlands' ASML are garnering attention as a critical juncture for gauging the future trajectory of the global semiconductor market.

On the 14th (local time), Bloomberg reported that selling pressure on artificial intelligence (AI) technology stocks is intensifying, with semiconductor stocks particularly vulnerable to declines. Chris Weston, a strategist at Pepperstone Group, cited current market volatility and analyzed that the results from these companies will serve as a key variable in determining whether the recent selling spree accelerates or leads to stock stabilization.

Attention is focused on TSMC's equipment investment outlook, to be released on the 16th, as it is considered a key indicator reflecting medium- to long-term demand for AI semiconductors. Securities firm UBS forecast that TSMC's capital expenditure for 2026 could exceed initial plans to reach $60 billion (approximately 89 trillion won).

The market expects that given TSMC and ASML's extensive customer base, their announcements will serve as a compass showing shifts in data center investment strategies by Big Tech firms.