ROSY PROSPECTS: The chipmaker expects to see another 10% to 15% rise in revenue this year, backed by growth in high-performance computing, IoT and automotive chips
Taipei Times
Date: Jan 19, 2018
By: Lisa Wang / Staff reporter
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract
Taiwan Semiconductor Manufacturing Co cochief executive Mark Liu looks on as chairman Morris Chang waves at the company’s quarterly earnings conference in Taipei yesterday. Photo: Liao Chen-huei, Taipei Times
chipmaker, yesterday posted a record-breaking net profit of NT$343.11 billion (US$11.61 billion) for last year, benefiting from robust chip demand for smartphones and cryptocurrency mining machines.
That represented an annual growth of 2.65 percent from NT$334.25 billion in 2016, according to the chipmaker’s financial statement. Earnings per share rose to NT$13.23 from NT$12.89.
While the pace of growth decelerated from 2016’s 10 percent increase, the chipmaker expects the growth momentum to carry on this year.
This year will be “an above-average year,” TSMC founder and chairman Morris Chang (張忠謀) told investors at his last appearance at the company’s quarterly earnings conference. [FULL STORY]
