Tsmc recorded a record in chip demand during 2019

Taiwan Semiconductor Manufacturing Company, also known as TSMC, reported a 15% increase in their monthly income between November and December 2019 and a 4% increase in their annual income, according to records made on Friday.

TSMC has had a record 2019 and they hope they improve even more 2020

According to records, TSMC posted revenue of $ 35.7 billion in 2019 and $ 3.4 billion for December, a 4.2% decrease in the month, but an increase of 15% compared to the previous year. The company reported that its fourth-quarter revenue was $ 10.6 billion, with a sequential increase of 8%.

It is also the first time that the company has broken the $ 10 billion mark in quarterly revenue. This growth exceeded the company's own forecasts of a 1-3% increase made in early 2019, as well as a 1-3% growth forecast for the entire chip-making industry.

Looking ahead, the company expects 2020 to be an outstanding year, with revenue growth of 15-20% anticipated thanks to a new 5nm process node and the mass adoption of 5G devices. In early 2019, TSMC announced that it is accelerating its spending accordingly, increasing its estimate for 2019 capital spending from $ 14 billion to $ 15 billion from the previous $ 11 billion.

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Throughout 2019, economic growth in Taiwan (where TSMC is located) has outperformed its regional peers such as Hong Kong, Singapore and Korea. Taiwan's stock exchange, TAIEX, rose 24% in 2019, as foreign investors have invested $ 6.6 billion in Taiwan-listed stocks during the year. We will keep you informed.

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