TSMC Made More in October 2020 Than in October 2019

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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

TSMC has announced its net revenues for October 2020. On a consolidated basis, TSMC revenues for October 2020 were approximately NT$119.30 billion. This represents a decrease of 6.5 per cent from September 2020 and an increase of 12.5 per cent from October 2019. Revenues for January through October 2020 totaled NT$1,097.02 billion, an increase of 27.7 per cent compared to the same period in 2019.

The company had recently 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. TSMC’s board of directors have recently approved an investment to establish a wholly-owned subsidiary in Arizona, United States of America, with a paid-in capital of US$3.5 billion

“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.

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.

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.

“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.

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