TSMC reports sixth quarter of record sales on unrelenting demand for chips

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Company is a linchpin in the global supply chain, producing the chips that go into everything from the latest iPhones to cars

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Taiwan Semiconductor Manufacturing Company's headquarters in Hsinchu, Taiwan. File photo: REUTERSANN WANG

Revenue for the December quarter jumped 21% to NT$438.2- billion , according to monthly figures released by TSMC Monday. That compared with the NT$436.2bn consensus estimate and the company’s own forecast of sales of as much as $15.7bn. “Taiwan Semiconductor Manufacturing may report 4Q revenue above $15.6bn, a new record for quarterly sales and at high end of its $15.4-$15.7bn guidance, we believe,” said Bloomberg Intelligence analyst Charles Shum. “This is supported by a larger sales mix of its most advanced 5-nanometer node process amid strong demand for smartphone and high performance computer chips.

Robust sales also point to full capacity utilisation and better gross margin of about 52%, and could push 4Q operating profit up as much as 14.6% to NT$180 billion.”

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