Taiwan chipmaker TSMC says quarterly revenue $6 billion

Taiwan Semiconductor Manufacturing Co., the most important contract producer of processor chips, reported Thursday its quarterly revenue rose 16.4% over a yr earlier to $6 billion amid surging demand for chips for smartphones and different electronics.

Revenue within the closing three months of 2021 rose 21.2% to 438.2 billion New Taiwan {dollars} ($15.8 billion), TSMC introduced. Profit was 166.2 billion New Taiwan {dollars}.

TSMC, headquartered in Hsinchu, Taiwan, makes processor chips for major brands together with Apple Inc. and Qualcomm Inc.

Chipmakers have benefited from demand for next-generation telecoms, high-performance computing and chips to be used in merchandise from automobiles to medical devices.

TSMC introduced plans final yr to speculate $100 billion over the following three years in manufacturing and analysis and improvement.

Most semiconductors utilized in smartphones, medical gear, computer systems and different merchandise are made in Taiwan, South Korea and China.

TSMC introduced plans in October to construct its first chip manufacturing facility in Japan. The firm and Sony Corp. later mentioned they’d collectively make investments $7 billion within the facility.

Outside Taiwan, TSMC additionally operates a semiconductor wafer fabrication facility in Camas, Washington, and design facilities in San Jose, California, and Austin, Texas.

The firm has introduced plans for a second U.S. manufacturing website in Arizona as concern grows over American reliance on sources in Asia for high-tech elements.

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