Taiwanese chip maker, TSMC, announced its Q3 2019 financial results recently. TSMC’s Q3 2019 revenue was as high as NT$293 billion ($9.5 billion), a year-on-year increase of 21.6%, a record high. This performance also exceeded the expectation that TSMC will increase its revenue by 18% on a month-on-month basis.
Previously, the highest quarterly revenue of the company was in Q4 2018, with revenue of NT$289.8 billion ($9.4 billion). In the first three quarters of this year, TSMC’s revenue was NT$752.7 billion ($24.5 billion), a year-on-year increase of 1.5%. However, TSMC’s Q3 2019 revenue was the highest. As TSMC’s customer demand continues to increase, the industry expects that TSMC’s fourth-quarter revenue will exceed NT$300 billion ($9.7 billion), another new record high. Analysts said that TSMC’s current revenue performance is strong mainly due to the demand for 5G infrastructure, smartphones, and HPC.
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TSMC expenditure is also on the high side. It is reported that this year’s capital expenditure exceeds $11 billion. Not only did it expand its 7nm production capacity, it is also working on a 5nm plant. The first phase of Fab 18 plant built for 5nm process has been completed and trial production is expected to commence in the first half of next year.