TSMC expects 30% revenue growth this year

Author: EIS Release Date: Jun 16, 2022

TSMC is expecting revenues to grow around 30% this year, says chairman Mark Liu. Last year they grew 24.9%.

 

“The current inflation has no direct impact on the semiconductor industry as the demand drop is mainly for consumer devices like smartphones and PCs while EV demand is very strong and partially exceeds our supply capacity so we are making inventory adjustments,” says Liu, “utilisation rate is full for the rest of the year.”

 

Q2 revenue is expected to come in at $17.6 billion to $18.2 billion. Gross margin is forecast at 58%.

 

Despite talks with thw EU about setting up a fab in Europe, Liu said that nothing is  planned.“In Europe, we have relatively fewer customers, but we are still assessing and still do not have any concrete plans,” Chairman Mark Liu told an annual shareholders’ meeting.

 

TSMC is spending $12 billion on US fab. Liu said that costs of the US project were higher than estimated adding “but we can handle it.”