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.