Faced with strong demand for its products, TSMC’s sales grew in the third quarter of 2021 by 16% compared to the same period a year earlier. For its part, Samsung announces its highest profit in three years.
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Taiwanese semiconductor giant TSMC posted another record quarter in terms of sales. In the third quarter of 2021, the company, which published on Friday October 8 its figures for the month of September, achieved a turnover of 414.7 billion New Taiwan dollars (approximately 12.8 billion euros), an increase of more than 16% compared to the same period one year earlier (356.4 billion New Taiwan dollars, or about 10.9 billion euros). In September alone, this is an increase of nearly 20%. The company had already had a strong second quarter.
Slight decline in operating margin
In the third quarter, TSMC continues to face strong demand for its products, especially with the arrival of the new iPhone 13s and as the automotive industry continues to lack components for its vehicles. In his forecastsHowever, the company expects an operating margin of between 38.5% and 40.5%, down from the 42.1% recorded a year earlier. On Friday morning, TSMC’s stock was down slightly. The company will release its full quarterly results on October 14.
Highest profit in three years at Samsung
For its part, Samsung, another semiconductor giant, expects to post its highest profit in three years, at 28%. Its revenue is expected to rise by around 9% in the third quarter. Gains that come from the rise in prices of its chips and good sales of its Galaxy Z Flip 3. Samsung will publish its full results on October 28.
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