12.14 Billion: TSMC’s Revenue in Q3 2020

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TSMC, in May 2020, had announced that it intends to build and operate an advanced semiconductor fab in the United States

TSMC today announced consolidated revenue of NT$356.43 billion during 3Q 2020. The company also announced net income of NT$137.31 billion, and diluted earnings per share of NT$5.30 (US$0.90 per ADR unit) for the third quarter ended 30 September 2020.

“Our third quarter business benefitted from the strong demand for our advanced technologies and specialty technology solutions, driven by 5G smartphones, HPC and IoT-related applications. Moving into fourth quarter 2020, we expect our sequential growth to be supported by strong demand for our industry-leading 5-nanometer technology, driven by 5G smartphone launches and HPC-related applications,” said Wendell Huang, VP and chief financial officer of TSMC.

29.2 per cent year-over-year increase

In US dollars, TSMC’c third quarter revenue was $12.14 billion. This represents a increase of 29.2 per cent year-over-year and 16.9 per cent increase from the previous quarter.

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“Year-over-year, company’s third quarter revenue increased 21.6 per cent while net income and diluted EPS both increased 35.9 per cent. Compared to second quarter 2020, third quarter results represented a 14.7 per cent increase in revenue and a 13.6 per cent increase in net income,” read TSMC’s official statement.

It continued, “In the third quarter, shipments of 5-nanometer accounted for 8% of total wafer revenue; 7-nanometer and 16-nanometer accounted for 35 per cent and 18 per cent respectively. Advanced technologies, defined as 16-nanometer and more advanced technologies, accounted for 61 per cent of total wafer revenue.”

TSMC, in May 2020, had announced that it intends to build and operate an advanced semiconductor fab in the United States. TSMC’s total spending on this project, including capital expenditure, will be approximately $12 billion from 2021 to 2029. At the moment, TSMC operates a fab in Camas, Washington, and design centres in both Austin, Texas, and San Jose, California in the U.S.

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