TSMC Chairman, Liu Deyin, and President, Wei Zhejia, pointed out that thanks to the continuous increase in production of 5G smartphones and high-performance computing (HPC), the overall demand for electronic products has further increased this year. Liu Deyin and Wei Zhejia claim that in terms of mobile phones, high-performance computing, and the Internet of Things, the Internet of Things continues to grow due to products such as Bluetooth headsets, smartwatches, and smart speakers. According to them, the unit shipments of Internet of Things devices will see an annual increase of 30%.
Other reports claim that the unit shipments of major high-performance computing products increased by 11% last year. This year, high-performance computing platform unit shipments are expected to show single-digit percentage growth. It is expected that a number of factors will drive the demand for high-performance computing platforms.
Gizchina News of the week
TSMC’s chairman and the president will earn NT$422 million (about $15 million) in 2020
Recent reports show that TSMC’s operations last year hit a record high. Chairman Liu Deyin and President Wei Zhejia’s annual salary also increased, as both climbs to NT$422 million (about $15 million). This is an increase of 44% relative to the previous year. TSMC’s total revenue increased by 25.17% last year, setting a new record in history. The company basically benefits from the growth of smartphones, high-performance tablets, the Internet of Things, and consumer electronics platforms.
TSMC’s 2020 financial report shows that in 2020, it announced consolidated sales of NT$1.339 trillion (about $47 billion). This is a new record high and an increase of 25.17% over the same period last year.
In addition, TSMC’s financial report for the first quarter of the fiscal year 2021 shows that its first-quarter consolidated revenue was NT$362.41 billion (about $13 billion)), a year-on-year increase of 16.7%. The company also records a net profit of NT$139.69 billion (about $5 billion). For the profit, it records a year-on-year increase of 19.4%. While the gross profit margin is 50.5% – 52.5%, the profit margin is 39.5% – 41.5%.
