Thanks to an upsurge in demand for notebook PCs, 5G smartphones and high-end PCs,
According to the research data analyzed and published by Stock Apps, TSMC's net revenue soared by 25.2% to
TSMC stock shot up by around 60% in 2020 and was trading at
TSMC To Spend
TSMC's record sales in 2020 were attributed to the high demand for chips. Its consolidated sales in Q4 2020 totaled
For the 2020 to 2025 period, the company projects a compound annual growth rate (CAGR) target of between 10% and 15%.
TSMC stock growth was primarily driven by Intel's shortage of chips in 2020. Over the year, Intel's stock declined by 12% YoY. Intel is planning to tap TSMC in the process of manufacturing an enhanced 7nm process slated for release in 2023. Later in 2021, it also plans to work on the advanced 3nm process. According to
In 2020, TSMC had a 50% share of the global market for contract manufacturing chips. 48% of its annual sales came from smartphone chips and 33% from high-computing chips. Auto chips contributed 3%. Thanks in part to the robust semiconductor business,
The full story, statistics and information can be found here: https://stockapps.com/blog/2021/02/11/tsmc-stock-up-by-121-yoy-following-25-revenue-uptick-in-2020/
Contact:
StockApps.com
3 Lower Thames Str
EC3R 6HE
janica@finixio.com
.
(C) 2021 M2 COMMUNICATIONS, source