NVIDIA just released its second quarterly report, which shows that its three-quarter long-term benefit from mining gold mining is receding.
On August 17, Nvidia released its second quarter earnings report for the fiscal year ending July 29. The financial report shows that in the second quarter, Nvidia once again handed over a satisfactory answer, achieving revenue of 3.123 billion US dollars, a year-on-year increase of 40%, and a net profit of 1.11 billion US dollars, an increase of 89%.
In the second quarter of Nvidia, its core business, the game business, remained high, achieving revenue of $1.88 billion, up 52% year-on-year. The second largest business data center business achieved revenue of $760 million, an increase of 83% year-on-year. ;
Overall, NVI's second-quarter results were better than market expectations, but the digital currency chip business suffered from Waterloo.
The report shows that OEM and IP businesses, including digital currency chips, were the only revenue declines for NVI in the quarter, with revenues of $116 million, a 70% decrease from the previous quarter. The business had revenues of $251 million in the same period last year.
In the past three quarters, digital currency chips have been booming in the semiconductor industry. Invitro has reached one of the biggest beneficiaries. In the last quarter, Nvidia announced the first digital currency-related revenues of up to 289 million US dollars, accounting for 9 of the quarter. %.
However, in the second quarter, the actual revenue of NVIDIA digital currency chip products was 18 million US dollars, a decrease of 94% compared with the first quarter.
Although the digital currency business originally accounted for a small proportion of Nvidia's revenue, it has become an emerging business of NVIDIA since last year. Now, just a short quarter has changed from high growth to a hindrance. NVIDIA seems to have lost this business internally. confidence.
NVIDIA Chief Financial Officer Colette Kress said that the business revenue is expected to contribute to the company's future insignificant. NVIDIA CEO Huang Renxun also pointed out that the company's executives currently believe that the digital currency chip business will not become in the second half of this fiscal year. The company's important business.
Nvidia expects third-quarter revenue of $3.250 billion, but Colette Kress stressed on the conference call that this expectation does not include the contribution of digital currency chip products.
In 2017, the mining boom in the world, the surge in demand for digital money and soaring prices led to explosive demand for high-end GPUs and ASIC chips, including chip design, OSAT, foundry, chip makers, equipment materials, etc. Semiconductor industry chain companies have benefited from it.
TSMC, a wafer foundry with more than half of the global market share, has clearly benefited from digital currency chips in terms of revenue. In the first quarter of this year, TSMC achieved revenue of US$8.468 billion. It said in a conference call that the revenue was mainly driven by strong demand for high-performance computing such as digital currency chips and the growth of automobiles and the Internet of Things, and pointed out the growth of digital currency chips. The demand for smartphone sales has been offset.
However, the surge in demand for digital currency chips also showed a sharp drop in sales, especially since the second quarter of this year, which has had an impact on TSMC, NVIDIA, AMD and other companies. TSMC is also due to the decline in demand for digital currency chips. The growth in 2018 is expected to be revised.
It must be said that the digital currency chip has become an important part of the semiconductor industry. In a short period of one year, it has had a significant impact on the global semiconductor market. It brings a huge driving force and brings the greatest uncertainty.
A few days ago, Jia Nan Zhizhi released the world's first 7nm mass production chip. This chip belongs to the digital currency chip, and the impact of the digital currency chip on the semiconductor industry continues.