TSMC Reports a 20% Increase in Quarterly Sales for Q2 2021 Amid Chip Shortages

World’s leading pure-play foundry TSMC has reported an increase of 20% in quarterly sales for the quarter ending in June 2021. The Taiwanese firm logged an impressive revenue of $13.3 billion in the second quarter of 2021, an increase of 20% compared to the previous quarter. The revenue for June was likewise up 23% compared to the previous year.

TSMC’s better pricing power on the back of the capacity tightness should largely offset the margin pressure it is seeing from the massive CAPEX spending. Meanwhile, TSMC’s technology/productivity breakthrough in EUV should enlarge its technology gap with peers and ensure a better cost structure for leading-edge technology nodes.

Citi Analysts

Some other analysts had warned that sales would take a hit on account of the ongoing silicon shortages, with the second quarter supposedly being 50% worse than originally anticipated. TSMC is the de-facto fab for a number of US chipmakers including AMD, Qualcomm, Apple, and NVIDIA, with Intel, Broadcom and Xilinx also expected to increase their stake in the coming years.

Via: TSMC’s Second-Quarter Revenue Jumps 20% on Chip Demand – Bloomberg

Areej Syed

Processors, PC gaming, and the past. I have written about computer hardware for over seven years with over 5000 published articles. I started during engineering college and haven't stopped since. On the side, I play RPGs like Baldur's Gate, Dragon Age, Mass Effect, Divinity, and Fallout. Contact: areejs12@hardwaretimes.com.
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