A person walks previous TSMC’s emblem on the corporate’s headquarters in Hsinchu, Taiwan.
Sam Yeh | AFP | Getty Photographs
Most sensible chipmaker TSMC notched a brand new quarterly gross sales report on the finish of 2021 boosted by way of endured call for from best purchasers together with Apple and Qualcomm for semiconductors.
The Taiwanese foundry, which producers chips for different firms, reported December earnings of 155.38 billion new Taiwan bucks (about $5.6 billion) — a report quantity for a unmarried month, and up 4.8% from November.
For the fourth quarter, earnings totaled 438.18 billion new Taiwan bucks. That is the 6th instantly quarterly gross sales report TSMC has recorded.
Call for for semiconductors, which can be key for the whole lot from smartphones to vehicles, continues to upward thrust whilst a scarcity of chips has hit a number of industries.
Remaining 12 months, the Nikkei reported that TSMC used to be making plans to hike costs amid sturdy call for and loss of provide.
Funding financial institution China Renaissance stated in a be aware this month this is expects TSMC’s financials “to begin reflecting foundry worth hike advantages, which its different friends loved immensely closing 12 months.”
China Renaissance lifted its gross sales expectancies for 2022, now anticipating 23% year-on-year earnings enlargement that is pushed principally by way of upper moderate promoting costs of its merchandise.
Stocks of TSMC indexed in Taiwan have been 1.42% upper on Monday.