August Revenue of TSMC Expected to Break NT$100 billion ($3.2 billion)


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Industry insiders predicted that TSMC chip maker’s revenue in August will increase significantly. They are expecting it to exceed NT$100 billion ($3.2 billion), creating a new high in the past 10 months. By the way, TSMC’s revenue in July was 84.76 billion Taiwan dollars ($2.7 billion), down 1.3% from the previous month, but up 14% year-on-year.

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In the case of shrinking semiconductor market this year, TSMC’s performance can still rise sharply. It is related to advanced technology, especially the 7nm process. The capacity is full and the order volume is considerable. The high demand will continue until the first half of 2020.

TSMC’s 7nm customers are AMD, Apple, and Huawei. Benefiting from the development of AI and 5G industries, TSMC’s orders are also rising. Apple’s autumn conference will be held soon. And most likely, we will see a new chip based on the 7nm manufacturing process. Huawei has just released the Kirin 990 chip with 7nm process technology. With the shipment of smartphones and 5G chips, TSMC’s orders have increased significantly.

Also Read: TSMC Q2 2019 Earnings Report: 7nm Technology Boosts Its Revenue

Liu Deyin, chairman of TSMC, also publicly stated that the visibility of orders in the second half of the year was as expected. The main reason is that the 7-nanometer process technology is leading the industry. Plus, the current capacity is full, supporting the growth momentum in the second half. Driven by August and the current peak season in September, it is expected that TSMC’s Q3 quarter revenue will be between $9.1 billion and $9.2 billion, an increase of 18% quarter-on-quarter.

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