Apple chipmaker TSMC notches another quarterly sales record on strong demand

- Advertisement -


  • TSMC reported December revenue of 155.38 billion new Taiwan dollars (about $5.6 billion), up 4.8% from November. This was a record number for a month.
  • Demand for semiconductors, which are vital for everything from smartphones to cars, continues to rise, even as a shortage of chips has hit many industries.
  • Analysts expect TSMC, which makes chips for companies like Apple, to benefit from the price hike this year amid strong demand.

- Advertisement -

Top chip maker TSMC set a new quarterly sales record in late 2021, fueled by continued demand for semiconductors from top customers, including Apple and Qualcomm.

- Advertisement -

Taiwanese Foundry, which makes chips for other companies, reported revenue of 155.38 billion new Taiwan dollars (about $5.6 billion) in December — a record number for a month, and up 4.8% from November.

For the fourth quarter, revenue totaled 438.18 billion new Taiwan dollars. TSMC records 6th consecutive quarterly sales record.

- Advertisement -

Demand for semiconductors, which are vital for everything from smartphones to cars, continues to rise, even as a shortage of chips has hit many industries.

Last year, Nikkei told That TSMC was planning to hike prices amid strong demand and supply crunch.

Investment bank China Renaissance said in a note this month that TSMC’s financials “are expected to begin to reflect the foundry price increase benefits that its other peers enjoyed immensely last year.”

China Renaissance lifted its sales expectations for 2022, now expecting 23% year-over-year revenue growth primarily driven by higher average selling prices of its products.

Shares of Taiwan-listed TSMC were up 1.42% on Monday.

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox