Taiwan Semiconductor Manufacturing Co. Posted Upbeat Results, Raised Global Semiconductor Outlook
Taiwan Semiconductor Manufacturing Co. (TSM): Fourth-quarter GAAP earnings per share were reported at $1.44, up $0.05 QoQ. Revenue was at $19.62 billion (-1.5% YoY), an increase of $50 million QoQ. It looks like post-Covid semiconductor demand is rapidly recovering.
In physical delivery terms, in Q4 2023, 3-nanometer material shipments accounted for 15% of total sales; 5-nanometer accounted for 35%; and 7-nanometer accounted for 17%. Advanced technologies (defined as 7nm and beyond) accounted for 67% of total wafer sales.
The company has benefited greatly from healthy global growth but has also fallen into the recession due to lower demand for consumer electronics and ultimately chips.
TSM raised its revenue forecast, noting that revenue will return strongly to growth as the global chip market recovers. Despite the ongoing global chip shortage, TSMC remains optimistic about the future, due to strong demand for its chips from major customers such as Apple and Qualcomm.
Popular news
Achtis Holding is adopting ESG Lineup
Jan 09, 2022
2701
European Markets Reversed to Gains after BoE Historical Rate decision
#Global Stocks #CryptoAug 04, 2022
2250
World Markets Slightly Rebounded as China’s Officials Seek to “Pay the Price” after Taiwan Visit
#Global StocksAug 03, 2022
1953
All Eyes on Jackson Hole Inception Day News
#GOLD #SILVER #S&P #PMI #OPEC #FED #Dow Jones #TWITTER #HOME DEPOT #CAC #DAX #Stoxx 600 #FTSE #Nikkei 225 #ASX #Goldman Sachs #Jackson Hole #Jerome PowellAug 24, 2022
1778
