TSMC’s production capacity is fully loaded, and second-quarter revenue is expected to continue to record highs

Wafer foundry leader TSMC announced that its consolidated revenue in March was NT$171.967 billion (the same below), the second-highest monthly revenue in history. The consolidated revenue of 491.076 billion yuan in the first quarter exceeded the high standard of performance expectations and rewrote the quarterly revenue. closed at a record high.TSMC is expected to hold the first quarter legal person briefing on the 14th (Thursday), chaired by President Wei Zhejia, and the legal person expects TSMCSecond-quarter revenue continues to hit record highthe annual revenue growth trend remained unchanged quarter by quarter.

TSMC’s advanced process and mature process capacityFully loadedcoupled with the overall increase in foundry prices this year, the consolidated revenue in the first quarter was 491.076 billion yuan, an increase of 35.5% compared with 362.410 billion yuan in the same period last year, which was better than expected.

At the beginning of the year, TSMC expected that the consolidated revenue for the first quarter would be between US$16.6 billion and US$17.2 billion. Based on the assumption of an exchange rate of NT$27.6 against the US dollar, it would be equivalent to NT$458.16 billion to NT$474.72 billion, an increase of 4.6 percent compared to the fourth quarter of last year. % ~ 8.3%, the average gross profit margin is between 53% and 55%, and the operating profit rate is between 42% and 44%. In fact, TSMC’s revenue in the first quarter exceeded the high standard of the financial forecast, and the legal person estimated that the gross profit margin and operating profit rate would also exceed the standard.

TSMC Chairman Liu Deyin recently attended the annual general meeting of the Taiwan Semiconductor Industry Association (TSIA) and pointed out that due to the recent closure of the city due to the spread of the epidemic in China, Shanghai has announced the adoption of zonal closure and control measures. The demand for smartphones has an impact, and it also affects the demand for consumer electronics such as personal computers and TVs, but the demand for automotive electronics, high-performance computing (HPC), and the Internet of Things remains strong.

Liu Deyin emphasized that TSMC has strong technological competitiveness.Demand in the past two years has exceeded the capacity provided by TSMC Powerand now adjust the production capacity structure according to the changes in demand, carry out the allocation of priorities, and maintain the same outlook for TSMC’s capital expenditure and revenue growth this year.

TSMC is expected to maintain an optimistic outlook at the corporate briefing. It is optimistic that this year will be driven by the accelerated digital transformation of the new crown pneumonia epidemic, the 5G and HPC industry megatrend, and the strong demand for automotive chips.Foundry capacity will be tight throughout the year, TSMC’s annual production capacity will be tight, and the annual dollar revenue is expected to increase by 25% to 29% compared with last year. The legal person said that despite the recent weak demand for consumer electronics such as smartphones and personal computers, the closure of the city may cause the production chain to stagnate, but TSMC’s annual capacity utilization rate remains unchanged, and it is optimistic that revenue in the second quarter will increase compared to the previous quarter. Within 5%, it continued to hit a record high quarterly revenue.