Currency and Market Risks - The company's revenue could be negatively affected if the U.S. dollar appreciates significantly versus other major currencies, leading to decreased demand for its products and services[62] - Net revenue in 2023 decreased by NT$102,155 million compared to 2022, primarily due to a 27% YoY decline in orders from Asia Pacific and a 4% YoY decline from North America, partially offset by a 9% YoY increase from China[96] - North America accounted for 68% of net revenue in 2023, maintaining its position as the largest market, followed by China at 12%[96] Regulatory Compliance and Legal Risks - Non-compliance with export control, environmental, and climate-related laws could harm the company's business and operational results, potentially resulting in significant legal liability[62] - Manufacturing activities are subject to various governmental regulations, including export control, environmental, and climate-related laws, which could result in penalties, legal liabilities, and operational disruptions if not complied with[63] - Compliance with environmental and climate-related laws may require the company to implement remedial programs, modify product designs, and incur significant expenses such as carbon fees and renewable energy procurement[64] - The company is subject to antitrust laws and regulations in multiple jurisdictions, and any adverse results from potential antitrust proceedings could harm its business and operational results[67] - The company received an inquiry from the European Commission regarding alleged anti-competitive practices in semiconductor sales, which was closed in May 2020 after cooperation[68] Expansion and Operational Challenges - Failure to timely obtain necessary approvals, such as for fab land and construction, could impair the company's operational and financial results[62] - Delays in obtaining environmental approvals for new fab projects could limit or increase the cost of expansion plans, adversely affecting the company's business and operational results[65] - The company plans to expand manufacturing capacity and upgrade technologies to meet long-term market demand, focusing on 5G and high-performance computing trends[91] - Investments in 2024 will include building/facility expansions for Fab 20, Fab 21, Fab 22, and Fab 23, alongside R&D for new process technologies[92] Technology and Manufacturing Capabilities - The company produced 28% of the world's semiconductor output value (excluding memory) in 2023, down from 30% in the previous year due to an inventory correction within the semiconductor industry[84] - The company operates one 150mm wafer fab, six 200mm wafer fabs, six 300mm wafer fabs, and five advanced backend fabs globally[86] - The company's 5-nanometer technology entered volume production in 2020, and 3-nanometer technology entered volume production in 2022[88] - The company's 2-nanometer technology is on track for volume production in 2025[88] - The company's advanced technologies (7-nanometer and below) contribute significantly to its net revenue, positioning it as a technology leader among dedicated foundries[88] - Annual capacity in 2023 reached approximately 16 million 12-inch equivalent wafers, up from 15 million in 2022, driven by expansion in 3-nanometer and 5-nanometer technologies[90] - Capital expenditures for 2024 are projected to be between $28 billion and $32 billion, focusing on 2-nanometer, 3-nanometer, and 5-nanometer nodes, as well as specialty technologies and advanced packaging[92] Land and Facility Ownership - The company's land leases for its fabs in Hsinchu Science Park, Central Taiwan Science Park, and Southern Taiwan Science Park are set to expire between December 2024 and June 2043[86] - The company's subsidiary, TSMC Arizona, owns approximately 4,775,885 square meters of land in Arizona for Fab 21 and related offices[86] - The company's subsidiary, JASM, owns approximately 195,035 square meters of land in Kumamoto Prefecture, Japan, for Fab 23 and related offices[86] - The company's subsidiary, ESMC, is acquiring approximately 51 hectares of land in Dresden, Germany, for Fab 24 and related facilities[86] Shareholding and Subsidiaries - The company's National Development Fund of the R.O.C. owned 6.38% of its outstanding shares as of February 29, 2024[78] - TSMC owns approximately 28.3% equity interest in Vanguard International Semiconductor Corporation (VIS) as of February 29, 2024[139] - TSMC owns 100% equity interest in TSMC Washington, LLC, as of February 29, 2024[140] - TSMC owns approximately 38.8% equity interest in Systems on Silicon Manufacturing Company Pte. Ltd. (SSMC) as of February 29, 2024[141] - TSMC owns approximately 34.8% equity interest in Global Unichip Corporation (GUC) as of February 29, 2024[141] - TSMC owns approximately 67.4% equity interest in VisEra Technologies as of February 29, 2024[142] - TSMC owns approximately 41.0% equity interest in Xintec, Inc. as of February 29, 2024[143] - TSMC owns approximately 71.4% equity interest in Japan Advanced Semiconductor Manufacturing, Inc. (JASM) as of February 29, 2024, which will increase to 86.5% after new investments[146] Revenue Breakdown by Platform - Net revenue breakdown by platform: High Performance Computing (43%), Smartphone (38%), IoT (8%), Automotive (6%), DCE (2%), Others (3%) in 2023[109] - Smartphone net revenue decreased by NT$73,965 million (8% YoY) and IoT net revenue decreased by NT$34,198 million (17% YoY) from 2022 to 2023[109] - Automotive net revenue increased by NT$17,273 million (15% YoY) from 2022 to 2023[109] R&D and Innovation - R&D expenditure in 2023 was NT$182,370 million (US$5,956 million), representing 8.5% of net revenue, with focus on 7nm, 5nm, and 3nm technologies[117] - Multi-project wafer program (CyberShuttle®) extended to all customers, reducing mask costs and accelerating time-to-market for prototyping and verification[113] - Open Innovation Platform® (OIP) initiative enhanced with EDA and IP readiness for 2nm and 3nm technologies, and 3Dblox Standard availability for 3DIC reference flows[112] Supply Chain and Raw Materials - Key raw material suppliers for silicon wafers include Formosa SUMCO, GlobalWafers, Shin-Etsu Handotai, Siltronic AG, Soitec Microelectronics, and SUMCO, supplying 96.2% of total wafer needs in 2023[124] Sustainability and Energy - TSMC used 2,590 GWh of renewable energy, renewable energy certificates, and carbon credits globally in 2023, with 1,493 GWh enabling overseas sites to be 100% powered by clean energy for the sixth consecutive year[127] - TSMC has signed power purchase agreements to purchase 3.1 GW of renewable energy, eliminating an estimated 4.7 million metric tons of carbon dioxide equivalent emissions annually[127] - TSMC's electricity tariff rate in Taiwan is estimated to increase by 25% effective April 1, 2024, compared to the 2023 rate, potentially increasing manufacturing costs[133] Product and Technology Offerings - High-performance computing (HPC) is a key growth driver, with products like AI accelerators, GPUs, and server processors leveraging 3-nanometer and 5-nanometer technologies[102] - Smartphone segment offerings include advanced logic process technologies like 3-nanometer FinFET and 4-nanometer FinFET, targeting premium and mainstream applications[103] - The company provides advanced packaging technologies such as CoWoS®, InFO, and TSMC-SoIC® to enhance chip integration and performance[102] - IoT platform includes 5nm, 6nm, 7nm, 12nm, 16nm, and 28nm technologies, with new FinFET-based 6nm (N6eTM) and 12nm (N12eTM) technologies offering energy efficiency and high performance[105] - Automotive sector introduced 3nm Auto Early (N3AE) program in 2023, supporting advanced driver-assistance systems (ADAS) and in-vehicle infotainment (IVI) with 5nm, 7nm, and 16nm FinFET technologies[106] - Digital Consumer Electronics (DCE) sector adopted 6nm, 7nm, 16FFC/12FFC, 22ULP/22ULL, and 28HPC+ technologies for 8K/4K DTV, 4K streaming STB/OTT, and DSLR devices[107] Customer Support and Interaction - Customer support is facilitated through global offices and subsidiaries, with web-based applications enabling real-time interaction for design, engineering, and logistics[97]

English Translation of Financial Statements Originally Issued in Chinese Taiwan Semiconductor Manufacturing Company Limited Parent Company Only Financial Statements for the Years Ended December 31, 2023 and 2022 and Independent Auditors’ Report 勤業眾信 勤業眾信聯合會計師事務所 110016 台北市信義區松仁路100號20樓 Deloitte & Touche 20F, Taipei Nan Shan Plaza No. 100, Songren Rd., Xinyi Dist., Taipei 110016, Taiwan Tel :+886 (2) 2725-9988 Fax:+886 (2) 4051-6888 www.deloitte.com.tw INDEPENDENT AUDITORS’ REPORT The Board of Directors and ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

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This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain Taiwanese chipmaking giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024. Taiwan Semiconductor Manufacturing Company—whose clients include Apple and Nvidia—controls more than half the world's output of silicon wafers, used in everything from s ...

今日，台积电公布一季报，由于AI需求火爆，公司营收、净利润均大超预期，一年以来首次实现利润正增长。 受此影响，台积电美股夜盘交易一度拉升涨超4%。 AI需求强劲 财报显示，台积电一季度营收5926.4亿新台币，同比增长16.5%，环比减少5.3%，高于市场预期的5834.6亿新台币。 一季度的净利润2254.9亿新台币，同比增长8.9%，环比减少5.5%，同样高于市场预期2149亿新台币。 毛利率为53.1%，比去年四季度高了0.1个百分点，略高于市场预期的53%；营业利润率为42%，净利润率为 38%。 分产品来看，台积电第一季度3nm出货量占晶圆总收入的9%，5nm占37%，7nm占19%。先进技术(7nm及以下)的营收占晶圆总收入的65%。 分业务来看，由于季节性因素，台积电的手机业务一季度环比大幅下滑16%，HPC业务需求依然强劲，环比增长3%。 AI相关的HPC业务带来的收入已经达到46%，手机业务占比38%，汽车业务和IoT分别占比6%，DCE业务占比2%。 展望好于预期 展望二季度，台积电预计，二季度的营收为196亿美元-204亿美元，市场预期在191亿美元左右。 二季度，预计营业利 ...

智通财经APP获悉，荷兰芯片制造设备公司阿斯麦(ASML.US)在发布了令人失望的最新季度业绩后，拖累欧美芯片股齐跌。财报数据显示，第一季度新增订单额仅为36.1亿欧元，远低于市场预期的51亿欧元，相比2023年第四季度的91.9亿欧元订单额，下滑幅度惊人。这一消息一经披露，阿斯麦在欧洲市场的股价一度重挫超过6%，而在美股市场，其股价在夜盘交易中更是大跌超过11%。 受阿斯麦财报影响，芯片股普遍受到拖累。其中，英伟达在美股夜盘交易时段股价一度从上涨0.8%转为下跌近1%。然而，随着台积电公布超预期财报，市场情绪得到提振。台积电一季度净利润好于预期，显示出AI芯片需求的强劲。这一积极消息推动了芯片股的回升，iShares Semiconductor ETF夜盘一度上涨超过2%，英伟达、博通和Arm等公司的股价也纷纷上涨。 具体来说，在AI芯片需求持续强劲的背景下，全球最大芯片代工厂台积电一季度净利润好于预期。台积电一季度净利润为2255亿元台币(约合69.76亿美元)，预估2149.1亿元台币，同比增长8.9%;第一季度销售额5926.4亿元台币(约合183.33亿美元)，同比增长17%，预估5834.6亿元台 ...

智通财经APP获悉，由于全球范围无比强劲的人工智能(AI)芯片需求大幅提振芯片代工业务产生的营收规模，有着“全球芯片代工之王”称号的台积电(TSM.US)公布了一年来的首次净利润同比增长。这家苹果、英伟达以及AMD等众多美国芯片设计巨头们的最核心芯片代工厂今年前三个月净利润实现同比增长9%，至2,255亿新台币(大约70亿美元)，大幅超过华尔街分析师平均预期的2,149亿新台币，并且台积电管理层对于Q2的总营收展望区间高于分析师普遍预期。 这家全球最大规模合同芯片制造商、亚洲最高市值上市公司还公布了自2022年以来最快速的营收扩张步伐，表明全球科技企业对于AI领域最核心基础设施——AI芯片的无比强劲需求开始抵消智能手机市场，尤其是苹果iPhone系列需求相对低迷带来的影响。 财报数据显示，台积电3月份单月的营收高达1952.1亿新台币，同比增长34%，环比增长7.5%。2024年1月至3月的第一季度营收总额为新台币5926.4亿元，同比增长16.5%，高于分析师们普遍预期的5795 亿新台币。台积电Q1总营收折合美元则约为188.7亿美元，同比增长13%。台积电管理层预计，第二季度的总营收区间为196亿美元至 ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Today, one of this earnings season’s most eagerly anticipated companies released their latest financial results.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The Taiwan Semiconductor Manufacturing Company (TWSE: 2330, NYSE: TSM) reported its Q1 results for 2024 on April 18th, during the Taiwanese afternoon. The company announced net income of NT$225.49 billion (approximately ...

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications.Here are TSMC's first-quarter results versus LSEG consensus estimates:Net revenue: 592.64 billion New Taiwan dollars ($18.87 b ...