TSMC bags another quarterly sales record

Chipmaker TSMC bagged a new quarterly sales record at the end of 2021.

TSMC was raised by continued demand from top clients.

TSMC reported December revenue of 155.38 billion new Taiwan dollars (about $5.6 billion). That is a record number for a single month.

TSMC also recorded its sixth straight quarterly sales record as its revenue totaled 438.18 billion new Taiwan dollars in the fourth quarter.

Investment Bank China Renaissance has lifted its sales expectations for 2022.

The bank now expects a 23% year-on-year revenue growth that’s driven mainly by higher average selling prices of its products.