TSMC sales hit February high

Taipei, Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, on Wednesday reported a new record high in sales for February, with analysts attributing the growth to strong demand for the company’s high-end processes.

In a statement, TSMC said it posted NT$106.53 billion (US$3.76 billion) in consolidated sales, the highest level for any February and up 14.1 percent from a year earlier.

On a month-on-month basis, TSMC’s February consolidated sales fell 15.9 percent due to the reduced number of working days caused by the seven-day Lunar New Year holiday.

Analysts said that with more working days in March, TSMC is expected to see a month-on-month sales rebound.

In the first two months of this year, TSMC generated NT$233.28 billion in consolidated sales, up 18.4 percent from a year earlier.

As global demand for emerging technologies such as high- performance computing devices remains solid, the automotive electronics industry has been on an uptrend and the smartphone business has been improving, TSMC is expected to achieve its first-quarter sales guidance, analysts said.

In an investor conference held in mid-January, TSMC said that its consolidated sales could range between US$12.7 billion and US$13.0 billion to hit another quarterly high.

For the whole of 2021, TSMC has given an upbeat assessment, in the expectation that its sales will grow 15 percent in U.S. dollar terms, beating the estimated 10 percent growth for the global pure-play foundry business and anticipated 8 percent growth in the global semiconductor industry, excluding memory chip suppliers.


Source: Focus Taiwan News Channel

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