TSMC Reports Fourth Quarter EPS of NT$5.51
January 19, 2021 | TSMCEstimated reading time: 1 minute
TSMC has announced consolidated revenue of NT$361.53 billion, net income of NT$142.77 billion, and diluted earnings per share of NT$5.51 (US$0.97 per ADR unit) for the fourth quarter ended December 31, 2020.
Year-over-year, fourth quarter revenue increased 14.0% while net income and diluted EPS both increased 23.0%. Compared to third quarter 2020, fourth quarter results represented a 1.4% increase in revenue and a 4.0% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.
In US dollars, fourth quarter revenue was $12.68 billion, which increased 22.0% year-over-year and increased 4.4% from the previous quarter.
Gross margin for the quarter was 54.0%, operating margin was 43.5%, and net profit margin was 39.5%.
In the fourth quarter, shipments of 5-nanometer accounted for 20% of total wafer revenue; 7-nanometer and 16-nanometer accounted for 29% and 13% respectively. Advanced technologies, defined as 16-nanometer and more advanced technologies, accounted for 62% of total wafer revenue.
“Our fourth quarter business was supported by strong demand for our industry-leading 5-nanometer technology, driven by 5G smartphone launches and HPC-related applications,” said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving into first quarter 2021, we expect our business to be supported by HPC-related demand, recovery in the automotive segment, and a milder smartphone seasonality than in recent years.”
Based on the Company’s current business outlook, management expects the overall performance for first quarter 2021 to be as follows:
- Revenue is expected to be between US$12.7 billion and US$13.0 billion
And, based on the exchange rate assumption of 1 US dollar to 27.95 NT dollars,
- Gross profit margin is expected to be between 50.5% and 52.5%
- Operating profit margin is expected to be between 39.5% and 41.5%
The management further expects the 2021 capital budget to be between US$25 billion and US$28 billion.
Suggested Items
NASA Sets Path to Return Mars Samples, Seeks Innovative Designs
04/16/2024 | NASANASA Administrator Bill Nelson shared on Monday the agency’s path forward on the Mars Sample Return program, including seeking innovative designs to return valuable samples from Mars to Earth.
Europe’s IT, Business Services Sector on the Rebound in Q1: ISG Index
04/15/2024 | BUSINESS WIREEurope’s demand for IT and business services in the first quarter rose for the first time in a year, powered by growth from the banking, financial services and insurance (BFSI) sector, according to the latest state-of-the-industry report from Information Services Group (ISG), a leading global technology research and advisory firm.
Global Semiconductor Equipment Billings Slip to $106.3 Billion in 2023
04/10/2024 | SEMIWorldwide sales of semiconductor manufacturing equipment edged down 1.3% to $106.3 billion in 2023 from an all-time record of $107.6 billion in 2022, SEMI, the industry association representing the global electronics design and manufacturing supply chain, reported today. The data is now available in the Worldwide Semiconductor Equipment Market Statistics (WWSEMS) report.
Wistron’s Wise Cap Invests in GEOSAT Aerospace & Technology
04/09/2024 | WistronWistron Corporation announced that its wholly-owned subsidiary, Wise Cap Limited Company, has participated in a private placement of common shares for GEOSAT Aerospace & Technology Inc., investing a total of NT$1.0 billion.
SEMI Applauds U.S. CHIPS Act Award for TSMC Manufacturing Facilities to Strengthen Domestic Semiconductor Supply Chain
04/09/2024 | SEMISEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the construction of Taiwan Semiconductor Manufacturing Company (TSMC) chip manufacturing facilities in Arizona.