TSMC (Taiwan Semiconductor Manufacturing Co.) announces sixth straight quarter of record sales
Revenue jumped 21% to $15.8 billion for the quarter ended in December, topping the company’s forecast of $15.7 billion. The figures come when the demand for semiconductors increases regardless of the chip shortage that has hit multiple industries.
TSMC, a chip manufacturer for Apple and Qualcomm, announced last year that it was planning to increase prices due to strong demand and lack of supply as much as 20%, marking its most significant single increase. The price surge and the time frames for the hikes differed for each client. For some companies, the growth took effect immediately.
TSMC is expected to post a 23% year-on-year revenue growth driven by higher average selling prices of products.
Following the news, TSMC Taiwan-listed shares went up 1.42%.
Sources: asia.nikkei.com, cnbc.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.