TSMC Credited Apple With 14% Revenue Increase; plan major investments

A-series chip maker TSMC credited Apple and supercomputers with a 14% year-over-year increase in Q4 2020 revenue.

The company also indicated that it expects demand for the iPhone 12 to remain strong throughout the current quarter …

TSMC released its latest earnings report this morning.

“Our fourth quarter business was supported by strong demand for our industry-leading 5nm technology, driven by the launch of 5G smartphones and HPC-related applications,” said Wendell Huang, VP and Chief Financial Officer of TSMC.

(HPC is High Performance Computing, which in this case refers to supercomputers rather than distributed computing. Last year, an ARM-based supercomputer became the fastest computer in the world.)

Huang added that the company expects “a milder smartphone seasonality than in recent years” – in other words, demand for iPhones usually drops significantly after the holidays, but they expect sales to remain significantly higher this year. There have been numerous …

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