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HomeFinancialApple chipmaker TSMC notches one other quarterly gross sales file

Apple chipmaker TSMC notches one other quarterly gross sales file

A person walks previous TSMC’s brand on the firm’s headquarters in Hsinchu, Taiwan.

Sam Yeh | AFP | Getty Photos

High chipmaker TSMC notched a brand new quarterly gross sales file on the finish of 2021 boosted by continued demand from high 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 file quantity for a single month, and up 4.8% from November.

For the fourth quarter, income totaled 438.18 billion new Taiwan {dollars}. That is the sixth straight quarterly gross sales file TSMC has recorded.

Demand for semiconductors, that are key for every thing from smartphones to vehicles, continues to rise at the same time as a shortage of chips has hit several industries.

Final yr, the Nikkei reported that TSMC was planning to hike costs amid sturdy demand and lack of provide.

Funding financial institution China Renaissance mentioned in a be aware this month that’s expects TSMC’s financials “to start out reflecting foundry value hike advantages, which its different friends loved immensely final yr.”

China Renaissance lifted its gross sales expectations for 2022, now anticipating 23% year-on-year income progress that is pushed primarily by larger common promoting costs of its merchandise.

Shares of TSMC listed in Taiwan had been 1.42% larger on Monday.

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