TSMC reports revenue increase of 36 percent in first quarter

Taiwanese chip maker TSMC has announced in the run-up to the full quarterly figures release of April 14 that first-quarter sales have increased by 35.5 percent compared to a year earlier.

Taiwan Semiconductor Manufacturing Company reports March sales totaled $5.95 billion. For the period from January to March, that is about 17 billion dollars. That is an increase of 35.5 percent compared to the first three months of 2021. Bloomberg speaks of record sales for TSMC in the first quarter.

Last month’s revenue of $5.95 billion is also a 33.2 percent increase from March 2021. It is also a 17 percent increase compared to February 2022 sales. there is a year-on-year increase of more than 30 percent. TSMC does not yet provide context or additional figures and now only provides the most important figures. On April 14, the Taiwanese company will present the official quarterly figures, including an accompanying oral explanation.

The increase in turnover will undoubtedly be related to the high demand for chips and products containing semiconductors, because there are still shortages. TSMC is currently building several new factories. The company also spoke its to care about increasing costs in the supply chain and that there are signs of declining demand for consumer electronics. According to the CEO of the company, this is particularly the case with smartphones, PCs and televisions, especially in China, the largest consumer market.