Apple chipmaker TSMC notches another quarterly sales record

Apple chipmaker TSMC notches another quarterly sales record

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A guy strolls previous TSMC’s logo design at the business’s head office in Hsinchu, Taiwan.

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Top chipmaker TSMC notched a brand-new quarterly sales record at the end of 2021 increased by ongoing need from leading customers consisting of Apple and Qualcomm for semiconductors.

The Taiwanese foundry, which producers chips for other business, reported December income of 155.38 billion brand-new Taiwan dollars (about $5.6 billion)– a record number for a single month, and up 4.8% from November.

For the 4th quarter, income amounted to 438.18 billion brand-new Taiwan dollars. That’s the 6th straight quarterly sales record TSMC has actually tape-recorded.

Demand for semiconductors, which are crucial for whatever from smart devices to automobiles, continues to increase even as a scarcity of chips has actually struck numerous markets.

Last year, the Nikkei reported that TSMC was preparing to trek rates in the middle of strong need and absence of supply.

Investment bank China Renaissance stated in a note this month that is anticipates TSMC’s financials “to start reflecting foundry price hike benefits, which its other peers enjoyed immensely last year.”

China Renaissance raised its sales expectations for 2022, now anticipating 23% year-on-year income development that’s driven generally by greater typical market price of its items.

Shares of TSMC noted in Taiwan were 1.42% greater on Monday.