TSMC increases sales forecast and invests heavily

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Chip order maker TSMC did well in the second quarter of 2020 and had a combined turnover of around CHF 9.9 billion from April to June. The net profit in this period was CHF 3.85 billion. This corresponds to a year-on-year increase in sales of 28.9 percent and an increase in profit of 81 percent. In the second quarter, 36 percent of sales came from 7-nanometer wafers and 18 percent from 16-nanometer wafers.
Sales of smartphone SoCs decreased by 4 percent compared to the previous quarter, but still account for 47 percent of total quarterly sales. In contrast, chips for high-performance computing grew by 18 percent, as CFO Wendell Huang said in the conference call on the quarterly figures.

For the entire year, TSMC expects an increase in sales of over 20 percent, more than the original forecast of 15 to 20 percent. At the same time, investments in new chip factories and manufacturing processes, for example, should amount to the equivalent of CHF 15 to 16 billion throughout 2020. (ubi)

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