TSMC, a chip foundry that produces chips for Apple, Huawei, Qualcomm, and other companies, shows that its revenue in the first 11 months of this year hit $32 billion. This is almost its revenue for last year. According to data from TSMC, its 2019 revenue should record a year-on-year increase of 2.7%.
The annual report from TSMC shows that its revenue in 2018 was $35 billion. However, its NT $ 966.672 billion ($32 billion) revenue for the first 11 months of this year is equivalent to 93.7% of last year. In the third quarter financial report, TSMC expects its Q4 revenue to be between $10.2 billion and $10.3 billion. In October and November, TSMC's revenue was NT $ 106.04 billion and NT $ 107.884 billion. SMC's revenue in the first two months of the fourth quarter was about $7 million. This is $ 3.147 billion less than its expected lower limit of $ 10.2 billion in the fourth quarter.
From the perspective of TSMC's forecast, it is no surprise that their revenue this year is higher than last year. The company has been quite proactive with its development of new chip processes. As of now, its 5nm process is already undergoing testing while the 2nm process has commenced research and development.
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