TSMC’s revenue in March of NT$171.9 billion grew 33.2% year-on-year

TSMC announced today that its revenue in March was NT$171.967 billion, the second-highest in history, and its overall revenue in the first quarter reached 491.076 billion yuan, a record high for a single quarter while exceeding its operating goals.

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The legal person said that the main reason for TSMC’s revenue recovery in March was the return to normalcy of operations and the recovery of working days. Among them, TSMC’s revenue in March was 171.967 billion yuan, an increase of 17% month-on-month and a year-on-year increase of 33.2%.

In addition, TSMC’s revenue in the first quarter was 491.076 billion yuan, exceeding the operating target of 458.16 billion to 474.72 billion yuan, rewriting the record for single-quarter revenue, with a quarterly increase of 12.07% and a year-on-year increase of 35.5%.

Moreover, the legal person also pointed out that the strong market demand for high-performance computing and automotive electronics, coupled with the increase in foundry quotations, and the relatively favorable exchange rate of the New Taiwan dollar, are the main driving forces for TSMC’s first-quarter revenue to hit a new high.

It is expected that TSMC will hold a corporate briefing on April 14. It is also reported that Intel CEO Henry Kissinger is visiting customers and suppliers in Asia, will travel to Taiwan, Japan and India, and is expected to meet with TSMC executives.

(via)