'Over 100% Utilization’: TSMC Reports Double-Digit Monthly, Quarterly Revenue Gains

A 300mm TSMC chip wafer on display at the 2020 Globe Semiconductor Conference in Nanjing, China. Paradigm: Getty Images via Los Angeles Times

Taiwan Semiconductor Manufacturing Company's (TPE:2330) (TSMC) March revenue hit record highs, the company reported Friday , capping off a historic quarter for the world's largest semiconductor foundry.

TSMC said that March revenue striking $4.5 billion (NTD 129.xiii billion), climbing 21.2% from Feb and up 13.7% from a year prior. Overall for its first quarter, the firm saw its revenue climb 17% to $12.7 billion (NTD 362.4 billion) narrowly beating analyst estimates of NTD 360.2 billion.

In a note to customers earlier this year, seen and verified by multiple other media outlets, TSMC CEO C.C Wei wrote that the company's fabs have been "running at over 100% utilization over the past 12 months," just need is still outpacing supply. In gild to friction match market place need, the company plans to spend $100 billion over the next iii years. $28 billion of this will be spent in 2021.

TSMC'southward stock is ready to shut the trading day in Taipei down i%, but up ii% on the calendar week. In the terminal six months, the stock is upwards 32.61% and over 100% on-twelvemonth.

Before this week, TSMC's smaller rival, United Microelectronics (TPE:2303) reported that its March revenue hit a record high of $584.5 million (NTD sixteen.62 billion) with commencement-quarter acquirement at $1.65 billion (NTD 47.one billion).

When Volition Water Woes Hit TSMC's Lesser Line?

But both companies are upward against a historic drought that's pushing h2o supplies in Taiwan to all-time lows. TSMC's facilities in Hsinchu use 63,000 tons of water a day, which is proving to be a claiming equally the city's reservoirs are bone-dry.

Source: http://water.taiwanstat.com/

To mitigate the impact of the drought on operations, the company has signed a deal for daily deliveries from more than than 100 water tankers . While nearly of Taiwan'southward eye and south are suffering from a drought water supply in the north is all the same relatively plentiful. The government has been aggressively deject seeing above reservoirs, but and then many in the country are still nether ten% chapters. With a mild typhoon season predicted for the summer of 2021 relief might not come for some time.

Given the severity of the drought and receding waters , netizens and researchers were able to find a traditional Thao canoe that had been sunk for 20 years.