Fab quarter for Apple fab

From Bloomberg's "Apple Supplier TSMC’s Quarterly Revenue Hits Record on Strong iPhone Demand" posted early Friday:

Taiwan Semiconductor Manufacturing Co. reported record quarterly revenue, joining other Apple Inc. suppliers in signaling strong demand for the new 5G iPhones.

The world’s largest contract chipmaker said Friday that December sales totaled NT$117.4 billion ($4.2 billion). Revenue in the quarter reached a record NT$361.5 billion, according to Bloomberg News’s calculations based on previously released monthly sales figures. That came in slightly below the average estimate of NT$364 billion, which had risen in past months as expectations around the iPhone grew.

Shares of Apple’s main chipmaker have rallied more than 70% over the past 12 months and reached a record high on Friday. The company has predicted that the industry “mega trends” of 5G and high performance computing-related products will continue to drive growth over the long term...

Robust demand for the new iPhones have provided a boost to other Apple suppliers. Assembler Hon Hai Precision Industry Co. earlier this week beat quarterly revenue expectations, while British-German chipmaker Dialog Semiconductor Plc increased its sales forecasts due to stronger-than-expected demand for 5G phones and tablets.

My take: A rising tide.

7 Comments

  1. Gregg Thurman said:
    Can you imagine what Apple’s December quarter WOULD have looked like, had all products been available the whole quarter?

    1
    January 8, 2021
    • Romeo A Esparrago Jr said:
      ::: fainting :::

      2
      January 8, 2021
  2. Roger Schutte said:
    I’m not one to correct Bloomberg often, but TSM is up 101% for the past year.

    2
    January 8, 2021
  3. Fred Stein said:
    I’m a big fan and bought in in the summer 2020. By studying Apple, it became clear that no one can compete with TSMC.

    As Apple moves up and down the value/size/price spectrum and across with increasing installed base, the TSMC/Apple combo can only go up in value.

    3
    January 8, 2021
    • Robert Paul Leitao said:
      Fred: I’m also watching AVGO and CSCO as migration to 5G and Wi-Fi 6 gain momentum.

      1
      January 8, 2021
    • Gregg Thurman said:
      the TSMC/Apple combo

      Amazing how the worm turns. It wasn’t that long ago when the predominant battle cry was WINTEL. Now it seems to be shifting to MAC/T (for want of a better acronym), or TAPP.

      1
      January 8, 2021
    • Romeo A Esparrago Jr said:
      @Fred,
      I bought TSM last year per your earlier recommendation.
      Thanks!!

      1
      January 8, 2021

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