TSMC: Chip Sales Set to Rise, But Expansion Plans Face Hurdles

TSMC: Chip Gross sales Set to Rise, However Growth Plans Face Hurdles

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Taiwan Semiconductor Manufacturing Co. tasks its income to develop by about 30% this yr, a brand new all-time-high for the corporate. Demand for semiconductors continues to be sturdy regardless of macroeconomic challenges, so TSMC is assured of this yr’s outcomes. TSMC’s plans for its U.S. enlargement are on-track, however the firm is dealing with about higher-than anticipated prices. In the meantime, the corporate doesn’t have something to announce with reference to its European fabs. 

TSMC’s income for the primary quarter of 2022 reached roughly $16.965 billion, up a whopping 35.5% year-over-year. The corporate’s gross sales hit a file not solely on account of sturdy demand for its providers (TSMC at present instructions the lion’s share of superior chip manufacturing), and since the foundry elevated its costs in late August by 10% on N5 and N7 nodes and by 20% on its N16 and thicker nodes for orders set to be delivered starting December. TSMC already mentioned again in April that its revenues in 2022 would enhance by round 30% YoY, so at its annual assembly with shareholders the contract maker of chips reiterated its prediction. 

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