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TSMC reports revenue of $12.68 billion in Q4 2020, fueled by Apple’s strong demand

TSMC, a Taiwan-based chipmaker that manufactures chips for manufacturers such as Apple and AMD, has recently announced the earning results of the fourth quarter of 2020.

First, the press release suggests that TSMC’s revenue has reached its previous expectations, and its net profit has also increased significantly year-over-year.

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TSMC’s financial report also shows that in the fourth quarter of last year, their revenue was $12.676 billion, a year-over-year increase of 22% and a month-over-month increase of 4.4%. Additionally, TSMC’s fourth-quarter profit also grew significantly year-on-year.

The report indicates that TSMC’s gross profit in the fourth quarter of last year was $6.845 billion, a year-over-year increase of 22.6% and a month-over-month increase of 2.5%. The gross profit margin was 54%, which was higher than 53.4% in the previous quarter and 50.2% in the same period last year.

It is worth noting that TSMC credited Apple and supercomputers for the 22% increase in revenue. In a statement, Wendell Huang, VP and Chief Financial Officer of TSMC said: “Our fourth quarter business was supported by strong demand for our industry-leading 5-nanometer technology, driven by 5G smartphone launches and HPC-related application.”

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