Apple’s long-term silicon supplier Taiwanese Semiconductor Manufacturing Company (TSMC) reports an impressive 20 percent growth with NT$372.1 billion ($13.3 billion) in revenue for the second quarter of 2021 accredited to high chip demand. The silicon manufacture is racing to meet chip demands for tech, automotive, and other industries.
In the prevailing global chip shortage, TSMC is reportedly prioritizing the orders of Apple and automotive in the third quarter of 2021, “followed by chip orders for PCs, servers and networking devices.” Rumors claim that the manufacture has produced the A15 Bionic chip for the upcoming iPhone 13 expected in September and the M1x chip for the alleged 14-inch and 16-inch MacBook Pro models expected to launch later this year.
In the prevailing global chip shortage, TSMC reports 20% growth for Q2, 2021
As reported by Bloomberg, the TSMC’s sales for Q2, 2021 meet investors forecasted revenue estimates with 23 percent Y-o-Y growth. The manufacturing leading technology and productivity have put ahead of other chip manufacturers who are adversely impacted by the current chip crisis.
“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 AG and Jaguar Land Rover warned that sales will be further curtailed by 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 could continue to outpace supply until 2023.
TSMC is the only foundry in the world to produce chips on 5nm process, like the Apple A14 Bionic chip and M1 Apple Silicon which deliver fast performance and incredible battery life. The company is working on an advanced chipset built on a 3nm process which will be adopted by Apple for new iPad models and Intel for new notebook models, as early as next year.