TSMC net profit hits new high in 2020
01/14/2021 04:15 PM
CNA file photo
Taipei, Jan. 14 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world s largest contract chipmaker, on Thursday reported a record high net profit for 2020, which market analysts attributed to its growth in the area of high-end processes.
In a statement released ahead of its investor conference, TSMC said its 2020 net profit rose by an annual 50 percent to NT$517.89 billion (US$18.50 billion), the highest in the company s history, with an earnings per share (EPS) of NT$19.97.
In 2020, TSMC s consolidated sales increased by an annual 25.2 percent to NT$1.34 trillion, also registering a record high, while its gross margin the difference between revenue and cost of goods sold rose 7.1 percentage points from a year earlier to 53.1 percent, according to the statement.