TSMC has reported its financial results for the fourth quarter of 2023, recording total sales of 625.529 billion Taiwanese dollars. This figure is in close proximity to the sales from the same quarter in 2022. However, the company’s net profit has decreased by 19.3%, amounting to 238.712 billion Taiwanese dollars. Despite this decline, both revenue and profit have grown by 13-14% when compared to the third quarter of 2023.
TSMC attributes the revenue growth in Q3 2023 mainly to its 3-nanometer semiconductor technology, which accounts for 15% of the overall revenue. Additionally, 5-nanometer and 7-nanometer technologies contribute 35% and 17% respectively, towards the total revenue. Thus, the overall revenue from the advanced manufacturing technology group (7 nanometers or less) reaches 67%.
C.C. Wei, the CEO of TSMC, expressed his belief that 2024 will be a year of strong growth for the company. This growth is expected to come from TSMC’s leadership in 3-nanometer technology, high demand for 5-nanometer products, and the increasing need for AI-related products, particularly in the High Performance Computing sector.
In conclusion, TSMC’s financial performance for Q4 2023 demonstrates stability in sales, despite a decrease in net profit. The company’s focus on advanced semiconductor technology and its anticipation of industry growth in the coming year positions TSMC for further success.
TLDR: TSMC’s Q4 2023 sales reached 625.529 billion Taiwanese dollars, similar to the previous year. However, net profit decreased by 19.3% to 238.712 billion Taiwanese dollars. Revenue and profit grew by 13-14% compared to Q3 2023. TSMC’s 3-nanometer technology contributed significantly to revenue, accounting for 15%. 5-nanometer and 7-nanometer technologies contributed 35% and 17% respectively. CEO C.C. Wei expects a strong growth year in 2024, driven by advancements in nanotechnology and demand for AI products, particularly in High Performance Computing.
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