On average, more than two dozen analysts in the Refinitiv survey expected net profit for the period from July to September to reach 149 billion Taiwan dollars. The company increased its revenues by 22.6 percent to $ 14.9 billion (325.7 billion crowns) last quarter.
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The company has also confirmed that it will build a plant in Kumamoto Prefecture in southern Japan. It plans to start production in 2024. According to the media, the investment will amount to about 800 billion yen (154.3 billion crowns). In addition to the TSMC, part of the cost will be borne by Sony and the Japanese government.
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TSMC shares have strengthened by more than eight percent since the beginning of the year. The company’s market value is around $ 526.3 billion and is more than twice the market value of Intel and the market price of Samsung, the other two major microchip manufacturers.
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Advanced chips manufactured by TSMC are used in a variety of devices, from high-end smartphones such as Apple’s new iPhone 13 to artificial intelligence, cars and a wide range of lower-end consumer goods.
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TSMC and Taiwan in general play a key role in addressing the global chip shortage caused by the pandemic. Carmakers, including Škoda Auto, are forced to limit production because of it. The lack of a key component has damaged the manufacturers of smartphones, laptops and home appliances.
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