TSMC, the world’s largest wafer foundry company, today reported november revenue, combining revenue s107.884bn (about 24bn yuan), breaking the record for a monthly revenue set in August, up 1.7 per cent month-on-month and up 9.7 per cent from a year earlier. From January to November this year, TSMC consolidated revenue of TSMC of T$966.672 billion, up 2.7% YoY, to know that the semiconductor industry is declining this year, TSMC forecast full-year results at the beginning of the year is also declining, the second half of the year began to turn into a growth forecast, expected to increase between 0-5%.
According to TSMC’s forecast, Q4 revenue will reach $10.2 billion to $10.3 billion, up 8.5%-9.6% quarter-on-quarter, with a median growth of 9%, and now Q4 business is expected to exceed expectations, gross margin will reach 50% and operating profit will reach 39%.
In previous years, Q3 quarter is TSMC’s peak shipments, Q4 quarter will tend to decline month-on-month, and the decline in 10-12%, but this year’s Q4 quarter will be the off-season, the decline is expected to be shortened to within single digits.
TSMC’s ability to maintain strong performance growth is related to this year’s change in form, although the beginning of the year is expected to decline, but 5G this year’s big outbreak, especially on the mainland side of the 5G licensing, Huawei also because of the U.S. sanctions incident increased the proportion of self-research chips, so that TSMC followed the benefits.
Overall, TSMC in the 7nm process has achieved a first-m advantage, this year’s 5G outbreak let them get a large number of 5G orders, Apple although not on 5G, but the iPhone 11 after the price of 1000 yuan sales are also good, plus AMD this year’s 7nm Rylong, Dragon processor is also in short supply, TSMC’s performance is hard to come by.