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TSMC shares gains in premarket trading,as Second-Quarter Revenue Jumps 20% on Chip Demand.

Tiger Newspress2021-07-09

TSMC shares gains in premarket trading,as Second-Quarter Revenue Jumps 20% on Chip Demand.

Taiwan Semiconductor Manufacturing Co.reported a 20% jump in quarterly sales, as the company raced to meet demand for chips from the automotive and other industries.

Sales for the quarter ended in June came in at NT$372.1 billion ($13.3 billion), in line with the average analyst estimate of NT$371.3 billion. Revenue for June was NT$148.5 billion, up 23% from a year ago.

“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 insure a better cost structure for leading edge technology nodes,” Citi analysts Roland Shu and Grant Chi wrote in a recent note.

Earlier this week,Daimler AGandJaguar Land Roverwarned that sales will be furthercurtailedby the persistent chip shortage, with the latter saying deliveries in the second quarter will be 50% worse than initially thought.United Microelectronics Corp., a smaller rival to TSMC, said Wednesday that chip demand couldcontinueto outpace supply until 2023.

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Comment45

  • Agustins
    ·2021-07-14
    [財迷] 
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  • STKG
    ·2021-07-12
    Good to hear that
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  • Lim8888
    ·2021-07-12
    Like and comment tks
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  • sk5735
    ·2021-07-10
    Nice
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  • Genesis8888
    ·2021-07-10
    always amazing. 1T$ company soon
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  • Hkh
    ·2021-07-10
    Good
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  • LimLS
    ·2021-07-10
    Demand should remain for the whole of 2022 too. It is reported it's fully booked. But it's fully priced into it's current price. Not much to go up but significant downward risk. Stay alert
    Reply
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  • TK360
    ·2021-07-10
    Nice 
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  • ProsPaddles
    ·2021-07-09
    You call this gain? It's a joke seriously!
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  • Cedric77
    ·2021-07-09
    All consumer durables are going to become "smart" & connected. As a result, the demand for chips will only rise and rise. Moreover, autonomous EVs (cars, trucks, lorries will be electrified as well) are the future. Not only EVs, everything will become smart and connected. The world is trying to build smart cities and this is just the beginning of the tech revolution. The demand for chips will not slow down anytime soon. It is nowhere close to the top of the S curve. Investing in future is a no brained! U dun need a fortune teller to tell you Chips are in desperate demand!
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    • STKG
      yes. agree. technology need chips.
      2021-07-10
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    • BettyT
      Well said
      2021-07-10
      Reply
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  • Huatahhuat
    ·2021-07-09
    Hooray ?
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  • terry321
    ·2021-07-09
    Nice. But I sold it last week [笑哭] 
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  • dt1
    ·2021-07-09
    [微笑] 
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  • KopiKit
    ·2021-07-09
    Nice[勝利] 
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  • jyjinn
    ·2021-07-09
    great!
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  • Mike04257
    ·2021-07-09
    Good progress ?
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  • ProsPaddles
    ·2021-07-09
    I am hopeful for TSM! To the moon
    Reply
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  • Ghostturtle
    ·2021-07-09
    Like and comment
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    • Wisher
      great
      2021-07-09
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    • yct
      Yes
      2021-07-09
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  • ParableTalen
    ·2021-07-09
    Have they already recovered from the drought?
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  • Floreszp
    ·2021-07-09
    ?
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