Apple chip maker TSMC sets another quarterly sales record

A man walks past the sign of TSMC’s headquarters in Hsinchu, Taiwan.

Trefoil | AFP | Getty Images

Top chip manufacturer TSMC Driven by continued demand including top customers, the company set a new quarterly sales record at the end of 2021 Apple and Qualcomm Used in semiconductors.

The Taiwanese foundry that makes chips for other companies reported that its December revenue was NT$155.38 billion (approximately US$5.6 billion)-a new monthly high, an increase of 4.8% from November.

In the fourth quarter, revenue totaled NT$438.18 billion. This is TSMC’s sixth consecutive quarterly sales record.

From smartphones to automobiles, semiconductor demand for semiconductors continues to grow Chip shortage hits multiple industries.

Last year, the Nikkei Report TSMC is planning to increase prices in the face of strong demand and insufficient supply.

Investment bank Huaxing Capital said in a report this month that TSMC’s financial position is expected to “begin to reflect the benefits of rising foundry prices, and other peers also benefited from it last year.”

Huaxing Capital raised its sales forecast for 2022, and currently expects revenue to grow by 23% year-on-year, mainly due to the higher average selling price of its products.

Shares of Taiwan Semiconductor Manufacturing Co., Ltd. rose 1.42% on Monday.