TSMC’s revenue growth slows to 36% in January

Taiwanese company TSMC, which remains the largest contract manufacturer of semiconductor products in the world, managed to sum up the results of the first month of the current quarter. In January, its revenue increased by 36% year-on-year to $8.9 billion, which is lower than the growth rate recorded for the entire last quarter (38.8%). However, such a decline may be dictated by a banal seasonal factor.

Image Source: ASML

As is well known, China and Taiwan go on a week-long holiday in late January and early February, so production life comes to a standstill, and the slowdown in TSMC’s revenue growth in January may well be explained by this circumstance. Analysts on average expect the company to increase revenue by 41% year-on-year in the first quarter as a whole. TSMC’s capital expenditures this year could rise to a record $42 billion if the company’s own forecasts come true.

TSMC also released information on the impact assessment of the earthquake that occurred on January 21. There was no structural damage to its buildings or infrastructure, but some silicon wafers were rejected as a result of the tremors. The estimated damage is estimated at $161 million, and first-quarter revenue should now be closer to the lower end of the range from $25 billion to $25.8 billion. These events did not affect TSMC’s forecast for the profit margin (from 57% to 59%) and the operating profit margin (from 46.5% to 48.5%). The aftermath of the earthquake also did not affect TSMC’s full-year forecast.

admin

Share
Published by
admin

Recent Posts

Cisco’s quarterly results and outlook beat Wall Street expectations

Cisco Systems, an American supplier of enterprise networking equipment, announced results for the third quarter…

16 hours ago

Amazon boasts of hundreds of thousands of Alexa+ users, but no one has seen them

Amazon claims that hundreds of thousands of users have already gained access to its updated…

16 hours ago

Nvidia accidentally reveals GPU specs for desktop AI supercomputer DGX Spark

Nvidia hasn't yet revealed the specs of its upcoming GB10 desktop AI supercomputer chip, but…

16 hours ago

Ryzen 9 9950X3D Review: A CPU for Everything

AMD processors with additional 3D cache have been considered the best choice for gaming PCs…

16 hours ago

Scientists have increased the efficiency of thermonuclear fusion by another 2.7 times with a positive energy yield

The world's only positive fusion experiment has improved its results. Scientists at the National Ignition…

16 hours ago

TSMC to open nine new fabs instead of five this year due to skyrocketing demand for AI chips

Taiwan's TSMC has announced plans to build nine new advanced fabs this year — eight…

2 days ago