TSMC (TWSE: 2330, NYSE: TSM) today announced consolidated revenue of
Year-over-year, third quarter revenue increased 21.6% while net income and diluted EPS both increased 35.9%. Compared to second quarter 2020, third quarter results represented a 14.7% increase in revenue and a 13.6% increase in net income.
In US dollars, third quarter revenue was
Gross margin for the quarter was 53.4%, operating margin was 42.1%, and net profit margin was 38.5%.
In the third quarter, shipments of 5-nanometer accounted for 8% of total wafer revenue; 7-nanometer and 16-nanometer accounted for 35% and 18% respectively. Advanced technologies, defined as 16-nanometer and more advanced technologies, accounted for 61% of total wafer revenue.
'Our third quarter business benefitted from the strong demand for our advanced technologies and specialty technology solutions, driven by 5G smartphones, HPC and IoT-related applications,' said
Based on the Company's current business outlook, management expects the overall performance for fourth quarter 2020 to be as follows: Revenue is expected to be between
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