Is the password to Huida’s financial report hidden here? Foreign media revealed 3 major highlights of TSMC’s 10/15 seminar

TSMC’s legal briefing will be held on the 15th. The picture shows Huida CEO Huang Renxun and TSMC Chairman Wei Zhejia appearing together at the TSMC Games last year. (File photo, taken by reporter Liu Xinde)

Huida is not expected to announce its latest financial report until November, but the market may get important clues from TSMC in advance. US media "The Motley Fool" pointed out that TSMC's October 15th earnings statement will be an important indicator of Huida's operating prospects, especially the three major indicators of high-performance computing revenue, CoWoS advanced packaging production capacity and full-year financial forecast, which will reveal whether the demand for AI chips continues to be strong, and whether Huida faces supply bottlenecks in its future growth.

"The Motley Fool" pointed out on the 11th that TSMC is an important chip foundry partner of Huida, and its third-quarter financial report will become an important indicator of AI demand. Among them, high-performance computing (HPC) revenue, CoWoS advanced packaging production capacity and full-year financial forecast are the three most noteworthy indicators.

TSMC previously estimated that its third-quarter revenue would be between US$44.6 billion and US$45.8 billion, with the midpoint representing a quarterly increase of 12% and an annual increase of 37%. Since TSMC's third quarter covers July to September, which overlaps by about two months with Huida's third quarter of its fiscal year ending at the end of October, TSMC's performance is expected to reflect AI chip demand in advance.

Huida estimates that this quarter’s revenue will be approximately US$108 billion, an annual increase of 89%, which is lower than the 106% growth rate in the previous quarter. However, the two companies' AI-related businesses have recently expanded simultaneously. TSMC's HPC revenue in the second quarter increased by 20% quarter-on-quarter, and Huida's data center revenue also increased by 18% quarter-on-quarter in the same period, reaching US$89 billion.

Foreign media pointed out that TSMC’s HPC business accounted for 66% of total revenue in the second quarter, higher than 61% in the first quarter. If HPC revenue sees double-digit quarterly growth again in the third quarter, it will help determine whether Huida's revenue target is supported by demand.

Another key is CoWoS advanced packaging capacity. TSMC Chairman Wei Zhejia admitted in July that packaging production capacity was extremely tight and even restricted customer growth. If the supply bottleneck continues, Huida's future revenue may not only depend on market demand, but also be subject to production capacity constraints.

In addition, TSMC in July raised its full-year U.S. dollar revenue growth forecast for 2026 to just over 40%. Foreign media believe that if the financial forecast is revised upward again on the 15th, it will be a stronger signal of strong demand for AI.

However, the report reminded that TSMC did not disclose Huida’s revenue contribution separately, and its HPC business also covers AI chips from other customers. Therefore, although TSMC’s financial report has reference value, it is still unable to fully predict Huida’s actual performance.