© tsmc Business | October 16, 2020
TSMC's profit soars on the back of strong revenue growth
The semiconductor foundry announces consolidated revenues of NTD 356.43 billion (EUR 10.57 billion) for its third quarter of 2020, a 21.6% increase from the same period last year.
Third quarter net income was NTD 137.31 billion (EUR 4.07 billion), up 35.9% from NTD 101.07 billion (EUR 2.99 billion) during the same period last year. As stated earlier, year-over-year, third quarter revenue increased 21.6%, but a comparison to the second quarter 2020, the third quarter results show a 14.7%. And similarly for net income the QoQ increase in revenue was 13.6% Gross margin for the quarter was 53.4%, operating margin was 42.1%, and net profit margin was 38.5%. TSMC says that in the third quarter, shipments of 5-nanometer accounted for 8% of total wafer revenue; 7-nanometer and 16-nanometer accounted for 35% and 18% respectively. Advanced technologies, defined as 16-nanometer and more advanced technologies, accounted for 61% of total wafer revenue. “Our third quarter business benefitted from the strong demand for our advanced technologies and specialty technology solutions, driven by 5G smartphones, HPC and IoT-related applications,” says Wendell Huang, VP and Chief Financial Officer of TSMC, in a pres release. “Moving into fourth quarter 2020, we expect our sequential growth to be supported by strong demand for our industry-leading 5-nanometer technology, driven by 5G smartphone launches and HPC-related applications.”
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