TSMC Posts Record 2019 on Bigger Demand for Chips

TSMC Posts Record 2019 on Bigger Demand for Chips

4 years ago
Anonymous $mKxHd64frN

https://wccftech.com/tsmc-posts-record-2019-on-bigger-demand-for-chips/

Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) reported a 15% increase in monthly revenues between November and December 2019 and a 4% increase in yearly revenue, according to filings made Friday with the SEC. 

According to the filings, TSMC posted revenue of $35.7 billion in 2019 and $3.4 billion for December down 4.2% on month but up 15% from a year earlier. The company reported its fourth-quarter revenues to be $10.6 billion, up about 8% sequentially. It's also the first time the company has breached the $10 billion mark for quarterly revenue. This growth beat the company's own forecasts of an increase of 1-3% made in early 2019, as well as a 1-3% growth forecast for the entire pure foundry industry. TSMC is due to report earnings on January 16 to discuss the quarter in depth.

TSMC Posts Record 2019 on Bigger Demand for Chips

Jan 12, 2020, 12:13am UTC
https://wccftech.com/tsmc-posts-record-2019-on-bigger-demand-for-chips/ > Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) reported a 15% increase in monthly revenues between November and December 2019 and a 4% increase in yearly revenue, according to filings made Friday with the SEC.  > According to the filings, TSMC posted revenue of $35.7 billion in 2019 and $3.4 billion for December down 4.2% on month but up 15% from a year earlier. The company reported its fourth-quarter revenues to be $10.6 billion, up about 8% sequentially. It's also the first time the company has breached the $10 billion mark for quarterly revenue. This growth beat the company's own forecasts of an increase of 1-3% made in early 2019, as well as a 1-3% growth forecast for the entire pure foundry industry. TSMC is due to report earnings on January 16 to discuss the quarter in depth.