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TSMC to Report Record Quarterly Earnings Thanks to iPhone 12 Demand

TSMC to Report Record Quarterly Earnings Thanks to iPhone 12 Demand

Apple’s A-series chipmaking partner Taiwan Semiconductor Manufacturing Company (TSMC) is expected to report record earnings for the quarter ending December 2020. The leap in earnings is reportedly due to demand for the 5g-capable iPhone 12 lineup.

The earnings report comes on the heels of Foxconn’s reporting record-breaking demand for the 5G iPhone lineup. TSMC produces the A14 Bionic processor that powers the entire iPhone 12 lineup. Apple has reportedly taken the entire run using TSMC’s 3nm chip production process for its upcoming iPhones, iPads, and Macs.

According to a report by Bloomberg, TSMC has announced that its December 2020 earnings totaled $4.2 billion. Bloomberg estimates that the company’s quarterly revenue was a record $12.93 billion.

YSMC revenue for the entire year of 2020 is estimated to be up 25% from 2019, at approximately $46.7 billion. TSMC will officially announce its finances in an earnings call on January 14.

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