Apple chip maker TSMC achieves one other quarterly gross sales report

A person walks previous the TSMC brand on the firm’s headquarters in Hsinchu, Taiwan.

Sam Yeh | AFP | Getty Photos

High chipmaker TSMC posted a brand new quarterly income report in late 2021, pushed by continued demand for semiconductors from high clients like Apple and Qualcomm.

The Taiwanese foundry, which makes chips for different firms, reported gross sales of $ 155.38 billion in December.

Income for the fourth quarter was 438.18 billion new Taiwan {dollars}. That is the sixth quarterly gross sales report in a row that TSMC has posted.

Demand for semiconductors, vital to every part from smartphones to vehicles, continues to develop, though a number of industries are hit by chip shortages.

Final 12 months the Nikkei reported that TSMC was planning to boost costs within the face of robust demand and lack of provide.

Funding financial institution China Renaissance mentioned in a press release earlier this month that it expects TSMC’s monetary metrics to start reflecting the advantages of the foundry’s worth hike that its different opponents have loved immensely over the previous 12 months.

China Renaissance has raised its gross sales expectations for 2022 and now expects gross sales progress of 23% 12 months over 12 months, primarily as a consequence of greater common gross sales costs of its merchandise.

TSMC’s Taiwan-listed shares rose 1.42% on Monday.

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