On the afternoon of January 13, TSMC released its financial results for the fourth quarter of fiscal 2021 as of December 31. Thanks to the strong demand for chips in the market, the chip foundry giant has obtained profits that exceeded expectations.
According to the financial report, TSMC's net profit reached a record NT$166.232 billion (about US$6.011 billion) in Q4 2021, an increase of 16.4% year-on-year, exceeding the average expectation of analysts at NT$161.4 billion; consolidated revenue was NT$438.189 billion (about US$15.846 billion), an increase of 21.2% year-on-year, the sixth consecutive quarter. In addition, gross margin for the quarter was 52.7%, operating margin was 41.7%, and net profit margin was 37.9%.
Image source: TSMC official website
Among them, 5nm process wafer shipments account for 23% of total wafer revenue; 7nm process wafer shipments account for 27% of total wafer revenue; advanced process (7nm and more advanced process) wafers account for 50% of total wafer revenue;
The new crown epidemic has now entered its third year, and due to the impact of the long tail of the epidemic and the high demand for PCs, mobile phones, new energy vehicles and other products, there is a continuous shortage of semiconductors manufactured by large chip foundry (Foundry) manufacturers such as TSMC. Over the past year, the semiconductor foundry giant has been operating at full speed and has invested heavily in new factories and production lines, including Japan and the United States, to meet customer customization needs.
According to Bloomberg, in a research report this week, Analysts at Citi expressed optimism about TSMC:
"TSMC is most likely to raise its $100 billion capex plan in 2021-23 to meet its growing customer demand. In terms of revenue, TSMC is expected to become the world's largest semiconductor company by 2024. The company's earnings will continue to grow and investor returns will continue to increase. ”
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