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Apple's new machine boost! TSMC's Q3 revenue increased by 12.6% year-on-year

On October 9, TSMC announced that its revenue for September was 102.17 billion yuan (NT$, the same below), which was about 23.67 billion yuan, down 3.7% month-on-month, up 7.6% year-on-year.

Benefiting from the warming of Apple's new iPhone shipments and the steady demand for 5G, TSMC's third-quarter revenue reached a record high of 293.046 billion yuan, up 21.6% quarter-on-quarter and 12.6% year-on-year.

According to the financial forecast of the front-end power store, the original forecasted revenue in the third quarter will fall at 2821-2852 billion yuan, a 17-18% quarter-on-quarter, but the 7nm process demand continues to be strong, pushing up the third quarter of NTD revenue beyond High financial standards.

TSMC's accumulated revenue for the first nine months of the year reached 752.748 billion yuan, a year-on-year increase of 1.5%. It is expected that revenue will continue to rise in the fourth quarter.

According to previous reports from the micro-network, research firm IC Insights pointed out that its sales in the second half of the year is expected to increase by 32% compared with the first half, while the growth rate of the entire IC industry is only 10%. This year's 7nm contribution revenue is expected to reach 8.9 billion US dollars, accounting for 26% of its total sales in 2019, accounting for 33% of its fourth quarter revenue.