TSMC wafer foundry leader (2330-TW)(TSM-USA) announced today (10) that revenue in December last year was 192.56 billion yuan, a monthly decline of 13.5%, 2.26 trillion yuan, an increase of 42.6%, a new high.
TSMC’s revenue fell below 200 billion yuan in December last year, but increased 23.9% year on year; in the fourth quarter, its revenue was 625.532 billion yuan, an annual increase of 42.75%; last year’s revenue was 2 trillion 263.891 billion yuan.
TSMC estimates fourth-quarter revenue to reach $19.9-20.7 billion, converted to $1New Taiwan dollar Calculation of 31.5 yuan,New Taiwan dollarRevenue is estimated to reach 626.85-652.05 billion yuan, which is equivalent to a quarterly increase of 2.2-6.3%, and the gross profit rate is 61.5%, and it is expected that both income and the gross profit rate reach new highs.
Due to weakening customer demand, TSMC’s 7-nanometer and 6-nanometer production capacity utilization rates declined in the fourth quarter, but benefited from continued growth in demand for smartphones and high-efficiency computing applications for 5-nanometer , balancing the impact of customer demand continued inventory adjustments , the fourth quarter performance is estimated flat.
Foreign investors believe that the wafer foundry industry will face an economic cycle nadir in the first half of this year, and TSMC will not be spared, affected by continued weak demand for mobile phones and PCs, TSMC’s 7nm and 5nm capabilities in the first quarter may further deteriorate, falling to 44-46%, 50-60%, and foreign investors generally estimate that revenue in the first quarter will decline about 14-16%.
Foreign investors also expect TSMC’s capital expenditure this year to fall to about US$30-32 billion due to weakening demand prospects for 7nm and 5nm, and the second phase of the new plant is estimated US will not be installed until 2024.
TSMC’s legal seminar will be held on Thursday the 12th. The market will focus on the four main themes: Annual Outlook, Capital Expenditure, Advanced Manufacturing Process Progress and Global Layout. .
