On July 28, 2023, the logo of Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) can be seen at the opening ceremony of the TSMC Global R&D Center in Hsinchu.
Amber Wang | AFP | Getty Images
British Semiconductor Thursday Exceeded revenue and profit expectations The first quarter benefited from continued strong demand for advanced chips, especially those used in artificial intelligence applications.
Here’s how TSMC’s first-quarter results compare to the London Stock Exchange consensus forecast:
- Net income: NT$592.64 billion (US$18.87 billion), vs. NT$582.94 billion expected
- net income: NT$225.49 billion expected to be NT$213.59 billion
TSMC announced that its net revenue increased by 16.5% from the same period last year to NT$592.64 billion, and its net profit increased by 8.9% from the same period last year to NT$225.49 billion.The company First quarter revenue guidance Between $18 billion and $18.8 billion.
TSMC is the world’s largest maker of advanced processors, with customers including Nvidia and Apple.
“TSMC is well-positioned to deliver strong results based on key industry trends. Continued demand for advanced chips, especially those used in artificial intelligence applications, is a positive sign in both the short and long term. For advanced chips Chip development focus, such as the shift to 3nm technology, is another factor driving TSMC’s long-term growth,” Brady Wang, associate director at Counterpoint Research, said on Monday before the results were released.
TSMC currently produces 3nm wafers and plans to begin mass production of 2nm wafers in 2025.
The surge in large-scale language models such as ChatGPT and Chinese clones has driven strong demand for AI chips, causing TSMC’s stock price to soar 56% in the past year.
TSMC accounts for 61% of global foundry revenue fourth quarter, according to Counterpoint Research. Samsung OEM ranks second with a market share of 14%.
“TSMC’s net margin of 40% continues to be one of the highest in the company’s history, compared with the industry average of 14%, which demonstrates TSMC’s strong competitive position. The high margin is driven by increased sales share of 7nm and smaller sizes As a result, Conotoxia market analyst Grzegorz Drozdz said last week:
The United States also recently awarded TSMC Arizona subsidiary initially approved Receive up to $6.6 billion worth of government funding to build the world’s most advanced semiconductors. TSMC is also eligible for about $5 billion in proposed loans.
Earlier this month, Taiwan was hit by its strongest earthquake in 25 years.A TSMC spokesman said the construction site was normal After an initial inspection, some fab workers were briefly evacuated. The workers then returned to their workplaces.
This is breaking news. Please check back for updates.
About The Author
