The world's largest wafer foundry company TSMC released its November revenue report today, with consolidated revenue of NT$107.884 billion (approximately RMB 24 billion). set a single-month revenue record set in August, a month-on-month increase of 1.7%, and a year-on-year increase of 9.7% .
From January to November this year, TSMC consolidated revenue was NT$966.672 billion, a year-on-year increase of 2.7%. You should know that the entire industry of semiconductor is declining this year. TSMC is expected to decline at the beginning of the year, and it will also decline in its entirety. It will start to turn into a growth forecast in the second half of the year, with an expected increase of between 0-5%.
According to the forecast of TSMC , revenue in Q4 will reach US$10.2 to US$10.3 billion, a month-on-month increase of 8.5%-9.6%, and a median growth of 9%. It now seems that the business in Q4 is expected to exceed expectations, with gross profit margin reaching 50%, and operating profit reaching 39%.
In previous years, Q3 was the peak period for TSMC shipments, and the Q4 quarter often declined month-on-month, and the decline was 10-12%. However, will be the off-season in Q4 this year, and the decline is expected to be shortened to within single digits.
The reason why TSMC can maintain strong performance growth is related to the changes in the form this year. Although it is expected to decline at the beginning of the year, 5G exploded this year, especially in the mainland where 5G is issued early. Huawei has also increased the proportion of self-developed chips due to the US sanctions incident, which has benefited TSMC .
In general, TSMC has gained a first-mover advantage in the 7nm process. This year's 5G explosion has allowed them to obtain a large number of 5G orders. Although Apple did not have 5G, the sales volume of iPhone 11 after the price reduction of 1,000 yuan was also good. In addition, AMD company's 7nm Ryzen and Xiaolong processors are also in short supply. It is difficult for TSMC to decline in performance.
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