On October 15, one month after Huawei officially “cut off supply”, TSMC held a 2020 third quarter performance briefing to disclose. In the third quarter, due to the emergency stocking of Huawei before the US ban, TSMC’s revenue and net profit hit a record high in a single quarter, and 5nm process revenue was also reflected in the financial report for the first time.

However, with no more shipments to Huawei in the fourth quarter, the chip maker’s confidence in performance has been significantly lower than outside expectations. Under the beautiful third-quarter report card, TSMC’s stock price fell more than 2% before the US stock market, and closed 0.5%.