Breaking News

Viltrox announces Seven-inch Camera Monitor the DC-A1 AMD Introduces New Radeon Graphics Cards and Ryzen Threadripper Processors at COMPUTEX 2025 COLORFUL Presents iGame Origo Series Laptops Lexar Introduces Innovative Product Lines at Computex 2025 Asus at Computex 2025

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

TSMC Reports High First Quarter Profit on iPhone Demand

TSMC Reports High First Quarter Profit on iPhone Demand

Enterprise & IT Apr 16,2020 0

Taiwan Semiconductor Manufacturing Co. forecast revenue growth of about 30% this quarter, suggesting the chipmaker to Apple and Huawei Technologies is confident of high demand for semiconductors.

The company announced consolidated revenue of NT$310.60 billion, net income of NT$116.99 billion, and diluted earnings per share of NT$4.51 (US$0.75 per ADR unit) for the first quarter ended March 31, 2020.

Year-over-year, first quarter revenue increased 42.0% while net income and diluted EPS both increased 90.6%. Compared to fourth quarter 2019, first quarter results represented a 2.1% decrease in revenue and a 0.8% increase in net income.

In US dollars, first quarter revenue was $10.31 billion, which increased 45.2% year-over-year and decreased 0.8% from the previous quarter.

Gross margin for the quarter was 51.8%, operating margin was 41.4%, and net profit margin was 37.7%.

In the first quarter, shipments of 7-nanometer accounted for 35% of total wafer revenue and 10-nanometer process technology contributed 0.5% while 16-nanometer accounted for 19%. Advanced technologies, defined as 16-nanometer and more advanced technologies, accounted for 55% of total wafer revenue.

"Our first quarter business declined less than seasonality, due to the increase in HPC-related demand and the continued ramp of 5G smartphones," said Wendell Huang, VP and Chief Financial Officer of TSMC. "Moving into second quarter 2020, we expect our revenue to be flattish, as weaker mobile product demand is expected to be balanced by continued 5G deployment and HPC-related product launches. Based on our current business outlook, management expects the overall performance for second quarter 2020 to be as follows":

  • Revenue is expected to be between US$10.1 billion and US$10.4 billion; And, based on the exchange rate assumption of 1 US dollar to 30.0 NT dollars,
  • Gross profit margin is expected to be between 50% and 52%;
  • Operating profit margin is expected to be between 39% and 41%.

The U.S. is said to be considering curbs on TSMC’s sales to Huawei, which relies on the chipmaker to produce its most advanced silicon. China’s biggest tech company, which the U.S. accuses of aiding Beijing in espionage, accounts for about 10% of the Taiwanese chipmaker’s revenue. TSMC Chairman Mark Liu has downplayed the risk to its business, saying growth will still come from a global 5G roll-out.

Tags: TSMCfinance
Previous Post
MWC to be Held in Barcelona Until 2024
Next Post
PlayStation 5 Output is Expected to be Limited in First Year

Related Posts

  • TSMC to boost 5nm chip output in 2H21

  • TSMC Announces 7nm Automotive Design Enablement Platform

  • Synopsys and TSMC Collaborate to Enable Designs of HPC, Mobile, 5G, and AI SoCs with Certified Solutions on TSMC N5 and N6 Processes

  • SoftBank Reports $18 Billion Loss from Vision Fund

  • Panasonic Annual Profit Decreased, Tesla Battery Venture Brings Gains

  • TSMC Does Not Accept New Orders From Huawei: Nikkei

  • TSMC to Build Arizona Chip Plant

  • Sony's Q4 Profit Dropped 57% on Low Image Sensor Sales

Latest News

Viltrox announces Seven-inch Camera Monitor the DC-A1
Cameras

Viltrox announces Seven-inch Camera Monitor the DC-A1

AMD Introduces New Radeon Graphics Cards and Ryzen Threadripper Processors at COMPUTEX 2025
GPUs

AMD Introduces New Radeon Graphics Cards and Ryzen Threadripper Processors at COMPUTEX 2025

COLORFUL Presents iGame Origo Series Laptops
Enterprise & IT

COLORFUL Presents iGame Origo Series Laptops

Lexar Introduces Innovative Product Lines at Computex 2025
Cameras

Lexar Introduces Innovative Product Lines at Computex 2025

Asus at Computex 2025
GPUs

Asus at Computex 2025

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Dark Rock 5

be quiet! Dark Rock 5

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

G.skill Trident Z5 Neo RGB DDR5-6000 64GB CL30

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial Pro OC 32GB DDR5-6000 CL36 White

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed