TSMC makes a hefty jump in quarterly sales

TSMC, Taiwan Semiconductor Manufacturing Co. reported an impressive growth in quarterly sales despite their ongoing chip shortage. The sales of the quarter ended in june reads a remarkable $13.3 billion and the revenue was $148.5 billion, up 23% from a year ago.

“TSMC’s better pricing power on the back of the capacity tightness should largely offset the margin pressure it is seeing from the massive capex spending. Meanwhile, TSMC’s technology/productivity breakthrough in EUV should enlarge its technology gap with peers and ensure a better cost structure for leading edge technology nodes,” Citi analysts Roland Shu and Grant Chi wrote in a recent note.

The company plans to invest $100 billion to increase production and meet customer’s demand.


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