TSMC is usually called TSMC, and today it has Announce record profit results The second quarter of 2021. In the high global demand for chips, TSMC reported a 28% year-on-year increase in revenue and an 11% increase in profits.
As more and more people work from home and seek entertainment from game consoles and PC games, the ongoing global epidemic has been a major factor in the increase in chip demand. This demand has triggered a huge demand for semiconductor processors, which power everything from smart phones, cars, laptops to supercomputers. And TSMC is the main manufacturer of all the above-mentioned chips.
In the second quarter of 2021, TSMC’s revenue climbed 28%, setting a record of US$13.29 billion. In terms of profit, TSMC succeeded in maintaining a soaring profit with an increase of 11%, reaching US$4.81 billion.
“Our business in the second quarter was mainly driven by the continued strong demand for high-performance computing and automotive,” said Huang Wende, TSMC’s chief financial officer. “Entering the third quarter of 2021, we expect our business will be supported by strong demand for our industry-leading 5nm and 7nm technologies, which will be driven by all four growth platforms, namely smartphones, high-performance computing, and the Internet of Things And automotive related applications.”
Analysts and investors have full confidence in TSMC, because the company is currently the best performing company in the semiconductor market, providing the best and most advanced technology. Its 5nm node is already in production, and the upcoming 3nm node should enter trial production later this year. Combined, it creates a unique opportunity for TSMC to meet customer demand for the best semiconductor technology.
Earlier, TSMC had announced plans to invest approximately US$100 billion in the next three years to expand its semiconductor manufacturing facilities. Driven by the strong demand for artificial intelligence chips and 5G technology, Taiwanese companies believe this is a wise investment backed by strong returns.