Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Q2 2018 Earnings Conference Call - Final Transcript

Jul 19, 2018 • 02:00 am ET

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Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Q2 2018 Earnings Conference Call - Final Transcript

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Presentation
Executive
C.C. Wei

ahead of schedule, and the device performance is well on track. TSMC's N5 will begin risk production in first half 2019. We believe it will be the most advanced technology in the foundry industry by that time. We are actively engaging with several lead customers, and we are running their test chip now. We expect to receive first customer product tape-out in first half 2019. Volume production is expect to start in first half 2020.

I'm talking about now with our specialty technology. We work closely with our customer to accelerate our specialty technology roadmap. By leveraging our logic capability, we develop specialty technology features, such as MEMS, CMOS image sensor, high-voltage power management IC, emerging and embedded memories and analog. To more advanced node, including 55-, 40-nanometer and 28-, 22-nanometer. These efforts bring scaling benefit to our customers.

Our 22ULP process is qualified and on track for risk production in August. That is next month. About 40 customer product tape-outs using our N22 are planned in the next few quarters, covering a broad spectrum of applications from digital TV, consumer electronics, to IoT and RF connectivity. N22 have 15% performance gain, 25% power reduction, and 5% to 10% die area shrink when compared with N28. With these improvements, we expect our N22 will extend our leadership at 28-nanometer node and enjoy a long and successful economical life.

Since we have already built a broad technology capacity at 12-inch for various specialty technologies, we are migrating some of our customers' product from eight-inch to 12-inch with seamless transition, while our customer can enjoy flexible capacity support and further scaling benefit. And that's all. Thank you for your attention.

Operator
Elizabeth Sun

This concludes our prepared statements. (Operator Instructions) Questions will be taken both from the floor and from the call. Should you wish to raise your questions in Chinese, I will translate it to English before our management answers your question. (Operator Instructions) Now, let's begin the Q&A session.