Taiwan Semiconductor Manufacturing Co., Ltd. 4Q Net TWD166.2B> 2330.TW

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By Kosaku Narioka

TSMC’s net income for the fourth quarter increased 16% year-on-year due to strong demand for chips used in computers and smartphones.

The world’s largest contract chip maker said Thursday that net income for the quarter ending December 31 increased from NT $ 142.77 billion in the previous year to NT $ 166.23 billion (US $ 6.01 billion). This exceeded the estimated NT $ 161.2 billion from analyst polls by S & P Global Market Intelligence.

Fourth-quarter revenue was NT $ 438.19 billion, up 21% year-on-year.

Both quarterly sales and net income reached record highs.

Revenue from the company’s smartphones increased 7% from the previous quarter, while revenue from high performance computing increased 3%.

According to TSMC, revenue from North American customers accounted for 66% of revenue in the fourth quarter, up from 65% in the third quarter. Meanwhile, revenue from China accounted for 12% of the total, up from 11% in the previous quarter.

The company’s operating profit margin fell 1.8 points year-on-year to 41.7%.

TSMC said it made a capital investment of US $ 30.04 billion in 2021. The company announced in April last year that it would invest US $ 100 billion over the next three years to increase production capacity as demand surges.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

Taiwan Semiconductor Manufacturing Co., Ltd. 4Q Net TWD166.2B> 2330.TW

Source link Taiwan Semiconductor Manufacturing Co., Ltd. 4Q Net TWD166.2B> 2330.TW

The post Taiwan Semiconductor Manufacturing Co., Ltd. 4Q Net TWD166.2B> 2330.TW appeared first on Eminetra.

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