A person walks previous TSMC’s emblem on the firm’s headquarters in Hsinchu, Taiwan.
Sam Yeh | AFP | Getty Images
Top chipmaker TSMC notched a brand new quarterly sales record on the finish of 2021 boosted by continued demand from prime purchasers together with Apple and Qualcomm for semiconductors.
The Taiwanese foundry, which producers chips for different firms, reported December income of 155.38 billion new Taiwan {dollars} (about $5.6 billion) — a record quantity for a single month, and up 4.8% from November.
For the fourth quarter, income totaled 438.18 billion new Taiwan {dollars}. That’s the sixth straight quarterly sales record TSMC has recorded.
Demand for semiconductors, that are key for all the things from smartphones to vehicles, continues to rise at the same time as a shortage of chips has hit several industries.
Last yr, the Nikkei reported that TSMC was planning to hike costs amid strong demand and lack of provide.
Investment financial institution China Renaissance mentioned in a word this month that’s expects TSMC’s financials “to start out reflecting foundry worth hike advantages, which its different friends loved immensely final yr.”
China Renaissance lifted its sales expectations for 2022, now anticipating 23% year-on-year income development that is pushed primarily by increased common promoting costs of its merchandise.
Shares of TSMC listed in Taiwan have been 1.42% increased on Monday.