Tech
TSMC Goes Past Its 2021 Revenue In The First 10 Months Of 2022
Swarajya Staff
Nov 13, 2022, 06:30 PM | Updated 06:30 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
The world’s largest contract chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) has made big gains in revenue this year compared to the last.
TSMC is the semiconductor chip manufacturing behemoth that pioneered the pure-play foundry business model.
Its revenue for January through October 2022 is NT$1,848.63 billion (just over US $59 billion), an increase of 44 per cent compared to the same period in 2021.
Notably, this figure is higher than the entire year’s revenue for TSMC last year.
The company's revenue from January through December 2021 was NT$1,587.42 billion (US $57.11 billion).
This was seen as record sales at the time, driven by strong demand for TSMC’s advanced 5-nanometre process, the latest technology the chipmaker had begun to mass-produce.
The continued demand for semiconductors from top clients like Apple and Qualcomm was also responsible for the record sales.
TSMC is Apple’s exclusive provider of the most advanced chips inside every iPhone on the market and most Mac computers.
The company’s net revenue for October 2022 was approximately NT$210.27 billion, an increase of 1 per cent from September 2022 and an increase of 56.3 per cent from October 2021.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.