According to the latest report, the chip foundry giant TSMC’s revenue in the first quarter was NT$362.4 billion (approximately US$12.7 billion), a year-on-year increase of 17%, setting a record for the third consecutive quarter, highlighting the company’s performance Leading position of the world’s largest advanced chip manufacturer.
At present, the world’s advanced chips are in short supply. TSMC‘s first-quarter revenue also exceeded analyst expectations. On average, analysts expect TSMC’s revenue in the first quarter to be NT$360.5 billion.
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Chips manufactured by TSMC are used in most modern electronic devices, from Apple’s iPhone to smart TVs and connected cars, making them a key part of the global supply chain.
As the global economy begins to emerge from the haze of the new crown pneumonia pandemic, demand for chips has far exceeded supply in recent months, forcing automakers to idle their factories for two weeks, exacerbating the shortage of popular consumer products such as game consoles.
TSMC CEO Wei Zhejia said that in order to deal with the problem of chip shortages, TSMC’s capacity utilization rate has been more than 100% in the past year. He said that TSMC will invest 100 billion US dollars in the next three years to expand production capacity. TSMC’s capital expenditure this year is as high as 28 billion U.S. dollars.
TSMC’s stock price has more than doubled in the past year. On Friday, TSMC’s stock price fell 0.5% before the release of revenue data. TSMC will announce the first quarter’s official financial report next week.
|Via|
