TSMC's Resilience: Weathering the Storm of Typhoon Krathon
Wednesday, Oct 30, 2024 7:30 pm ET
1min read Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading contract chipmaker, has demonstrated its resilience and commitment to business continuity in the face of natural disasters. As Super Typhoon Krathon approached Taiwan, TSMC activated its robust typhoon protocols, ensuring minimal disruption to its operations. The company's proactive approach to storm readiness has once again proven its ability to navigate challenging weather conditions, maintaining its reputation and customer trust.
TSMC's typhoon alert preparation aligns with its overall business continuity plan, highlighting the company's commitment to minimizing disruptions. The company's routine typhoon protocols, honed over years of experience, ensure effective risk mitigation, allowing TSMC to continue serving its global clients. Despite the potential severity of Typhoon Krathon, TSMC remains focused on maintaining its leadership in the semiconductor industry while ensuring the safety of its workforce.
TSMC's proactive approach to typhoon preparation helps it maintain its leadership in the semiconductor industry. By activating robust typhoon protocols, TSMC ensures minimal disruption to its operations, mitigating potential risks and allowing the company to continue serving its global clients. This resilience, coupled with TSMC's focus on maintaining its leadership in the semiconductor industry, highlights its ability to navigate challenges and remain a key player in the market.
TSMC's financial performance in the third quarter of 2024 reflects the company's strong business fundamentals. Revenue increased by 39.0% year-over-year, while net income and diluted EPS both increased by 54.2%. Gross margin for the quarter was 57.8%, operating margin was 47.5%, and net profit margin was 42.8%. In the third quarter, shipments of 3-nanometer accounted for 20% of total wafer revenue, while 5-nanometer accounted for 32% and 7-nanometer accounted for 17%. Advanced technologies accounted for 69% of total wafer revenue.
For the fourth quarter of 2024, TSMC expects revenue to be between US$26.1 billion and US$26.9 billion, with a gross profit margin between 57.0% and 59.0% and an operating profit margin between 46.5% and 48.5%. TSMC's strong financial performance and positive outlook demonstrate the company's ability to navigate challenges and maintain its leadership in the semiconductor industry.
In conclusion, TSMC's robust typhoon protocols and commitment to business continuity have once again proven the company's resilience in the face of natural disasters. Despite the potential impacts of Typhoon Krathon, TSMC remains focused on maintaining its leadership in the semiconductor industry and ensuring the safety of its workforce. The company's strong financial performance and positive outlook reflect its ability to navigate challenges and remain a key player in the market. As TSMC continues to invest in its typhoon-resistant infrastructure and maintain strong relationships with customers and suppliers, it is well-positioned to weather the storm and continue its growth trajectory.
TSMC's typhoon alert preparation aligns with its overall business continuity plan, highlighting the company's commitment to minimizing disruptions. The company's routine typhoon protocols, honed over years of experience, ensure effective risk mitigation, allowing TSMC to continue serving its global clients. Despite the potential severity of Typhoon Krathon, TSMC remains focused on maintaining its leadership in the semiconductor industry while ensuring the safety of its workforce.
TSMC's proactive approach to typhoon preparation helps it maintain its leadership in the semiconductor industry. By activating robust typhoon protocols, TSMC ensures minimal disruption to its operations, mitigating potential risks and allowing the company to continue serving its global clients. This resilience, coupled with TSMC's focus on maintaining its leadership in the semiconductor industry, highlights its ability to navigate challenges and remain a key player in the market.
TSMC's financial performance in the third quarter of 2024 reflects the company's strong business fundamentals. Revenue increased by 39.0% year-over-year, while net income and diluted EPS both increased by 54.2%. Gross margin for the quarter was 57.8%, operating margin was 47.5%, and net profit margin was 42.8%. In the third quarter, shipments of 3-nanometer accounted for 20% of total wafer revenue, while 5-nanometer accounted for 32% and 7-nanometer accounted for 17%. Advanced technologies accounted for 69% of total wafer revenue.
For the fourth quarter of 2024, TSMC expects revenue to be between US$26.1 billion and US$26.9 billion, with a gross profit margin between 57.0% and 59.0% and an operating profit margin between 46.5% and 48.5%. TSMC's strong financial performance and positive outlook demonstrate the company's ability to navigate challenges and maintain its leadership in the semiconductor industry.
In conclusion, TSMC's robust typhoon protocols and commitment to business continuity have once again proven the company's resilience in the face of natural disasters. Despite the potential impacts of Typhoon Krathon, TSMC remains focused on maintaining its leadership in the semiconductor industry and ensuring the safety of its workforce. The company's strong financial performance and positive outlook reflect its ability to navigate challenges and remain a key player in the market. As TSMC continues to invest in its typhoon-resistant infrastructure and maintain strong relationships with customers and suppliers, it is well-positioned to weather the storm and continue its growth trajectory.
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