On the face of it, the Taiwanese company has the most advanced chip-making foundries in the world. Its cutting-edge N3 node deep ultraviolet lithography process is poised to chart new efficiency and performance standards.
“We have the most sophisticated semiconductors in the world. China doesn’t. We’ve out-innovated China,” boasts Secretary Gina Raimondo.— 60 Minutes April 21, 2024 Although tracking a quarterly decline of 3.8%, the company reported 12.9% YoY revenue growth to $18.87 billion. The new 3 nm wafer process accounted for 9% of total revenue. The 5 nm process, the cutting edge for China, accounted for 37% of revenue, with the last-gen 7 nm making 19% of the revenue. TSMC reported $7.17 billion net income, an 8.8% YoY improvement. For the second quarter scheduled to be released on July 18th, the company expects further growth at $19.6 – $20.
This puts China in a financially subservient position amid threats from US officials. After all, China relies on Treasuries to maintain low export prices. A trade surplus with the US would allow more USD to flow into China, which would appreciate the
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »