Apple chipmaker TSMC notches one other quarterly gross sales report

Apple chipmaker TSMC notches another quarterly sales record

A person walks previous TSMC’s brand on the firm’s headquarters in Hsinchu, Taiwan.

Sam Yeh | AFP | Getty Photos

High chipmaker TSMC notched a brand new quarterly gross sales report on the finish of 2021 boosted by continued demand from prime purchasers together with Apple and Qualcomm for semiconductors.

The Taiwanese foundry, which producers chips for different firms, reported December income of 155.38 billion new Taiwan {dollars} (about $5.6 billion) — a report quantity for a single month, and up 4.8% from November.

For the fourth quarter, income totaled 438.18 billion new Taiwan {dollars}. That is the sixth straight quarterly gross sales report TSMC has recorded.

Demand for semiconductors, that are key for the whole lot from smartphones to vehicles, continues to rise at the same time as a scarcity of chips has hit a number of industries.

Final 12 months, the Nikkei reported that TSMC was planning to hike costs amid robust demand and lack of provide.

Funding financial institution China Renaissance mentioned in a word this month that’s expects TSMC’s financials “to start out reflecting foundry worth hike advantages, which its different friends loved immensely final 12 months.”

China Renaissance lifted its gross sales expectations for 2022, now anticipating 23% year-on-year income progress that is pushed primarily by greater common promoting costs of its merchandise.

Shares of TSMC listed in Taiwan have been 1.42% greater on Monday.

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