Taiwan's TSMC posts 13.8% rise in Q3 profit on global chip demand surge

StreetInsider2021-10-14

TAIPEI (Reuters) - Taiwan chip giant TSMC posted a 13.8% rise in quarterly net profit on Thursday, boosted by a surge in global demand for semiconductors for smartphones and laptops during the COVID-19 pandemic amid a supply shortage.

Net profit for July-September at Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, rose to T$156.3 billion ($5.56 billion) from T$137.3 billion a year earlier.

Advanced chips made by TSMC, formally known as Taiwan Semiconductor Manufacturing Co , are used in everything from high-end smartphones like Apple's newly unveiled 5G iPhone 13, to artificial intelligence, cars and a wide variety of lower-end consumer goods.

TSMC and Taiwan in general have also become central in efforts to resolve a pandemic-induced global chip shortage that has forced automakers to cut production, and hurt manufacturers of smartphones, laptops and even consumer appliances.

TSMC's revenue for the quarter climbed 22.6% to $14.88 billion, in line with the company's prior estimated range of $14.6 billion to $14.9 billion.

Shares of TSMC have risen about 8.5% so far this year, giving it a market value of $526.3 billion, more than double that of competitor and client Intel Corp(INTC.O).

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精彩评论

  • MHh
    2021-10-14
    MHh
    Driven by demand eg apple and price increments. Expecting to increase even in the long term
  • CWL711
    2021-10-14
    CWL711
    Like thanks
  • Aaden
    2021-10-14
    Aaden
    Up more pls
  • Foxie
    2021-10-14
    Foxie
    A monopoly in the market, almost guaranteed earnings. 
  • 63031164
    2021-10-14
    63031164
    Nice
  • koolgal
    2021-10-14
    koolgal
    TSMC's excellent results is a testimony to their great management team plus global shortage of chips.  Well done TSMC!  Keep it up!  Go TSMC! 👍😉🚀🚀🚀🌙🌙🌙
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