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TSMC inventory was up 0.15% Thursday in Taiwan.

AFP by way of Getty Photos

Taiwan Semiconductor Manufacturing

Thursday reported a 16.4% soar in web revenue for the final quarter of 2021, on a gross sales soar of 21.2% from the identical quarter of 2020.

Income on the world’s largest contract chip maker (ticker: TSM), and a significant provider of


(AAPL) or


(QCOM), was boosted by monumental demand for the corporate’s chips, on the again of elevated use of smartphones, residence computer systems, and different technological devices through the Covid-19 pandemic.

The corporate’s merchandise are additionally in excessive demand for merchandise remodeled by technological innovation, resembling 5G networks and electrical autos.

Fourth-quarter income in greenback phrases jumped by 24.1% to $75.74 billion, the corporate mentioned. 

In a context of tight capability for the chip trade worldwide, TSMC mentioned it’s planning to speculate between $40 billion and $44 billion this 12 months.

The corporate introduced in April final 12 months that it will spend $100 billion by 2024 to “help the manufacturing and R&D of superior semiconductor applied sciences,” as demand for its chips retains rising at a sooner tempo than provide, even with factories working at 100% capability.

Working margin within the fourth quarter was 37.9%, the corporate mentioned.

Shares of TSMC’s American depositary receipts have been up 4.7% Thursday, giving the corporate a $611 billion market capitalization.

Write to Pierre Briançon at pierre.briancon@dowjones.com

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