Chip giant TSMC sees all-time high revenue in August

A manufacturing unit within the Taiwanese metropolis of Taichung run by semiconductor producer TSMC.

Taiwanese semiconductor large TSMC stated Thursday its August income rose almost 60 p.c to a file excessive of Tw$218.13 billion ($7.06 billion) on hovering world demand.

Taiwan Semiconductor Manufacturing Firm operates the world’s largest silicon wafer factories and produces a number of the most superior microchips utilized in every thing from smartphones and vehicles to missiles.

The overwhelming majority of the world’s top-notch microchips are made by simply two corporations—TSMC and Samsung—each of that are working at full capability to alleviate a world scarcity.

The Taiwanese agency controls greater than half of worldwide foundry output, with shoppers together with Apple and Qualcomm.

Its August income rose 58.7 p.c on-year and 16.8 p.c from July to an all-time excessive of Tw$218.13 billion—the primary time it has reached the Tw$200 billion mark, in accordance with an organization assertion.

Income for the primary eight months of the 12 months totalled Tw$1.4 trillion, a 43.5 p.c improve on the identical interval in 2021.

TSMC chief government C.C. Wei instructed an investor convention in July that buyer demand continued to exceed the corporate’s capability to produce and he anticipated capability to stay tight all through 2022.

However he additionally anticipated “a number of quarters of stock adjustment” via the primary half of 2023 as a result of softening demand for some merchandise together with smartphones and private computer systems.

Whereas Taiwan’s semiconductor and high-tech business has proven spectacular progress, different elements of the financial system are exhibiting indicators of an impression from the final world slowdown.

Taiwan’s exports in August grew at their slowest tempo in additional than two years by simply two p.c to $40.34 billion, the finance ministry stated.

That in comparison with 14.2 p.c progress in July and was the slowest tempo of improve since July 2020’s 0.3 p.c when exports had been hammered by the emergence of the coronavirus pandemic.

Exports would have dropped 4.2 p.c from a 12 months earlier with out the digital parts business, which accounted for over 40 p.c of abroad shipments in August, in accordance with the ministry.

Semiconductor exports rose 14.3 p.c from a 12 months earlier to $15.69 billion final month however a slowdown in demand for shopper electronic products noticed shipments for data/communication, audio and video merchandise drop 1.6 p.c on-year.

Exports within the “outdated financial system sector” largely declined final month, with plastics/rubber falling by 21.8 p.c whereas chemical compounds had been down 17.1 p.c on-year. AFP