By: Chang Chien-chung and Flor Wang
Taipei, Jan. 10 (CNA) Taiwan Semiconductor Manufacturing Company (TSMC), the world’s
largest contract chip maker, set a new record for annual net revenue in 2018, the company reported Thursday.
TSMC’s revenue for the year passed the NT$1 trillion mark, totaling NT$1.031 trillion (US$33.48 billion), up 5.5 percent from 2017, which was slightly lower than the previous forecast of 6 percent growth, the company said.
In the fourth quarter, the company also registered a record quarterly high of NT$289.771 billion, representing an 11.3 percent increase quarter-on-quarter.
As the demand from Apple Inc. weakened in November and December, the company’s revenue fell to NT$89.831 billion in December, a monthly decline of 8.7 percent and the lowest for five months. [FULL STORY]