The largest global semiconductor contract manufacturing and design company looks to break record steadily each month of 2020 despite the pandemic. In July, TSMC gained $72 billion in shares to become the world’s 10th most valuable company.
Now, as per its latest revenue report, TSMC has shown a consolidated revenue of NT$127.59 billion (US$4.44 billion) for September 2020 itself. As reported by Digitimes, this is a 3.8% sequential increase which is indeed impressive, mostly soared due to the high demands from its big clients like Apple, AMD, MediaTek and others.
Each year the company is setting new benchmarks because this growth is almost 24.9% YoY. Its revenue totalled to NT$977.72 billion (US$34 billion) for the first nine months of the year. This is almost a 29.9% rise from the same period last year.
TSMC posted total third-quarter revenue for NT$356.43 billion (US$10.48 billion), up by 14.7% compared to the last quarter. This is pretty solid figures, and the company itself never expected this, which predicted a 9.3% sequential increase at the midpoint, however, hit an all-time high.
Now as the 5nm process will be the next big thing for the silicon market, TSMC’s growth will be increasing in the next quarter as well. TSMC seems to be on track to expect its 2020 revenue climb by over 20% year-on-year, this is next-level of growth, truly!
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