Get great ideas from our AI, cannabis, cleantech, crypto, esports and mining podcasts - be a guest or sponsor : 800 665 0411

Share on StockTwits

TSMC Stock Up 121% YoY Following 25% Revenue Uptick in 2020


February 12, 2021 ( Newswire) Thanks to an upsurge in demand for notebook PCs, 5G smartphones and high-end PCs, Taiwan Semiconductor Manufacturing Co. (TSMC) had a blockbuster year in 2020.

According to the research data analyzed and published by Stock Apps, TSMC's net revenue soared by 25.2% to NT$1,339.26 billion ($47.78 billion) in 2020. It was the highest annual revenue figure in the company's history.

TSMC stock shot up by around 60% in 2020 and was trading at $138 as of February 11, 2021. According to Marketwatch, it had increased by 120% over the previous year.

TSMC To Spend $25 Billion to $28 Billion in 2021 on Advanced Chip Production

TSMC's record sales in 2020 were attributed to the high demand for chips. Its consolidated sales in Q4 2020 totaled NT$361.53 billion, up by 1.43% QoQ. Profits shot up by 23% to NT$142.8 billion ($5.1 billion), setting a new record.

For the 2020 to 2025 period, the company projects a compound annual growth rate (CAGR) target of between 10% and 15%.

TSMC stock growth was primarily driven by Intel's shortage of chips in 2020. Over the year, Intel's stock declined by 12% YoY. Intel is planning to tap TSMC in the process of manufacturing an enhanced 7nm process slated for release in 2023. Later in 2021, it also plans to work on the advanced 3nm process. According to Tech News, the upcoming 3nm process is already fully booked through 2024. It is planning to spend $25 billion to $28 billion in advanced chip production in 2021.

In 2020, TSMC had a 50% share of the global market for contract manufacturing chips. 48% of its annual sales came from smartphone chips and 33% from high-computing chips. Auto chips contributed 3%. Thanks in part to the robust semiconductor business, Taiwan's economy grew by 2.98% in 2020.

The full story, statistics and information can be found here:

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: Learn more about publishing your news release and our other news services on the newswire and

Global investors must adhere to regulations of each country. Please read privacy policy:

Follow Us on StockTwits

Tech Stocks - Tech Stocks Directory, Tech Stocks News, Research and Resources

Get more Technology stock investor ideas - news, articles, podcasts and stock directories