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TSMC's revenue continued to grow strongly in January, and ZTE will use its 7nm process to manufacture 5G base stations

In December last year, TSMC's revenue grew very strongly, reaching NT$155 billion (about NT$35.7 billion/US$5.6 billion), the highest month of growth and revenue in 2021, up 4.8% month-on-month and 32.4% year-on-year.

By January this year, TSMC's revenue continued to be strong, reaching NT$172 billion (about NT$39.3 billion / US$6.18 billion), up 10.8% month-on-month and 35.8% year-on-year. This is the first time that TSMC's monthly revenue has exceeded the $6 billion mark, setting a new record for single-month revenue. Since the COVID-19 pandemic, global demand for semiconductor production capacity has soared, driving TSMC's revenue growth at a high rate. In January last year, TSMC's revenue was NT$126 billion, up 22.2% year-on-year, and it is clear that this year's momentum has not weakened, or even more violently.

According to Wccftech, ZTE will use the N7 process node process to manufacture the chips needed for 5G base stations. In addition, the chip is also used in advanced packaging technology, using a stacking method to package different functional modules together. In the next phase, ZTE plans to use the N5 process node to further improve the efficiency of the chip. ZTE is said to want to achieve double-digit growth goals in the server and base station segments.

Many investment institutions are optimistic about TSMC's future, and JPMorgan Chase and UBS's target share price for TSMC has been adjusted to NT$780 and NT$740, thus making TSMC's stock price rise. Both investment institutions believe that TSMC will continue to perform well in the first quarter of 2022 and achieve steady revenue growth.

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