By Kosaku Narioka
Taiwan Semiconductor Manufacturing’s third-quarter net income reached a record high, thanks to strong chip demand for electronics and data processing.
The world’s largest contract chip maker said Thursday that net income increased from NT $ 137.31 billion in the previous year to NT $ 156.26 billion (US $ 5.57 billion). This exceeded the estimated NT $ 149.42 billion from analyst polls by S & P Global Market Intelligence.
Revenue was NT $ 414.67 billion, up 16% year-on-year. Both quarterly sales and net income were record highs.
The company’s operating margin fell 0.9 points to 41.2%.
Some analysts said rising raw materials and depreciation costs could put pressure on the company’s profit margins. Earlier this year, TSMC said it plans to invest US $ 100 billion over the next three years to increase production capacity.
Revenue from smartphones increased 15% from the previous quarter and revenue from high performance computing increased 9%.
According to TSMC, revenue from North American customers accounted for 65% of revenue in the third quarter, up from 64% in the second quarter. On the other hand, revenue from China remained unchanged from the previous quarter, accounting for 11% of the total.
Write to Kosaku Narioka at firstname.lastname@example.org
Taiwan Semiconductor Manufacturing Co., Ltd. 3Q Net TWD156.3B> 2330.TW
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