Tagged: NT

TSMC’s first quarter revenue was NT $362.4 billion

TSMC (123.43%, 3.54%, 2.95%) reported on Friday that its revenue in the first quarter increased by 17% to NT $362.4 billion (about US $12.7 billion), exceeding analysts’ average expectation of NT $360.5 billion and reaching a new high for three consecutive quarters.

TSMC's first quarter revenue was NT $362.4 billion TSMC's first quarter revenue was NT $362.4 billion

Earlier this month, TSMC CEO Wei Zhixiong said in a recent letter to customers that the company’s Fabs “have been operating at more than 100% utilization for the past 12 months,” but demand still exceeds supply. The company plans to invest $100 billion over the next three years to expand its chip manufacturing capacity. Earlier, the company had said it planned to spend $25 billion to $28 billion this year to develop and produce advanced chips.