TSMC increased third-quarter net income by 68.7 per cent from a year earlier. Revenue also rose sharply, while advanced production technologies accounted for most wafer revenue. The Taiwan chipmaker reported both annual and quarterly growth, with its revenue growth rates differing according to whether they were calculated in Taiwan or US dollars.
Taiwan chipmaker TSMC reported higher net income for the July-to-September quarter. Its third-quarter results were released on 15 October, covering the period ended 30 September.[1], [2]
Net income reached 763.06 billion Taiwan dollars, an increase of 68.7 per cent from a year earlier. Revenue rose 50.9 per cent to 1,494.24 billion Taiwan dollars. Against the preceding quarter, revenue increased 17.6 per cent and net income grew 8.0 per cent.[1]
Revenue measured in US dollars was 46.72 billion dollars, up 41.2 per cent annually and 16.2 per cent from the previous quarter. These growth rates use a different currency from the Taiwan-dollar results. Gross margin stood at 66.4 per cent, operating margin at 58.7 per cent and net profit margin at 51.1 per cent.[1]
Technologies of 7 nanometres and more advanced accounted for 79 per cent of wafer revenue. Within that total, the 2-nanometre process supplied 8 per cent, the 3-nanometre process 33 per cent, the 5-nanometre process 28 per cent and the 7-nanometre process 10 per cent. The breakdown measures wafer revenue rather than all consolidated sales.[1]
