Taiwan Semiconductor Manufacturing Company (TSMC) which is the world’s largest and most advanced semiconductor foundry jumped upto 5 percent in the day’s trade upon declaring their robust 3Q24 results with a 54 percent jump in Net Income.
Price Action
With a market capitalization of 28.14 Trillion TWD, the equity shares of Taiwan Semiconductor Manufacturing Co Limited closed at $1,085 per share, up 4.83 percent from its previous day’s close price of $1,035.
Results
Its Net Sales grew by 39 percent YoY from $546,733 NT Million in 3Q23 to $759,692 NT Million in 3Q24 and it grew by 12.8 percent QoQ from $673,510 NT Million in 2Q24 to $759,692 NT Million in 3Q24.
In the same time frame, the Net Income grew by 54.2 percent YoY from $211,000 NT Million in 3Q23 to $325,258 NT Million in 3Q24 and it grew by 31.2 percent QoQ from $247,845 NT Million in 2Q24 to $325,258 NT Million in 3Q24.
Coming to the earnings per share (EPS) it grew by 31.2 percent QoQ from NT$9.56 in 2Q24 to NT$12.54 IN 3Q24 and grew by 54.2 percent YoY from NT$8.14 in 3Q23 to NT$12.54 IN 3Q24.
TSMC, one of Nvidia’s chip manufacturers, Nvidia’s recent quarterly results show revenues of $30.04 billion which is an increase of 15.34 percent QoQ and 122.40 percent YoY. The EPS saw an increase from $0.25/share to $0.68/share for the same quarter. This growth in Nvidia’s results most probably attributes to the growth of TSMC’s sales.
Revenue by Technology
Coming to the revenue breakup by Technology, it generated 32 percent of its revenue from the 5nm Tech, 3nm 20 percent, 7nm 17 percent, 16nm 8 percent, and the rest 31 percent from others.
Revenue from Platform
A major part of its revenue comes from High-Performance Computing (HPC) 51 percent, Smartphone 34 percent, IoT 7 percent, Automotive 5 percent, Digital Consumer Electronics (DCE) 1 percent and others 2 percent.
About the Company
Taiwan Semiconductor Manufacturing Company (TSMC) is the world’s largest and most advanced semiconductor foundry, playing a critical role in the global technology supply chain. It serves a wide range of industries, including mobile devices, high-performance computing, automotive, IoT, and more
TSMC’s dominance, with over 50 percent market share, makes it vital to industries ranging from smartphones to AI. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry.
Written by: Bharath K.S
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