On January 10, TSMC, a leading wafer foundry manufacturer, announced its December 2023 revenue report today. Consolidated revenue for the month was approximately NT$176.3 billion, a decrease of 144%, a decrease of 84%。From October to December, TSMC's fourth-quarter revenue was about NT$6,2552.9 billion yuan, and the overall revenue in 2023 is about NT$21,6173.6 billion yuan, a decrease of 45%。
Huang Renzhao, TSMC's chief financial officer and spokesperson's deputy general manager, said at a previous legal conference that it is expected that the revenue amount in US dollar terms in the fourth quarter of 2023 will be about 18.8 billion to 19.6 billion US dollars, with a gross margin of 515%~53.5% and an operating profit margin of 395%~41.5%。On an exchange rate basis of NT$32 per dollar, TSMC's revenue in the fourth quarter will be between NT$601.6 billion and NT$607.2 billion, an increase of 9% and 13% quarter-on-quarter from the third quarter.
Judging from the data that has been released so far, TSMC's fourth-quarter revenue will be better than the previous financial forecast.
Recently, market news shows that TSMC's pricing strategy will become more flexible in 2024, such as trying to improve the price of advanced process nodes where it has a leadership position and customers have high profits. Cross-node discounts are also available for customers who meet wafer yield targets. This means that the client still has no visibility for long-term planning at the end of the cycle.
TSMC is expected to hold the 2023 Fourth Quarter Legal Conference on January 18 at 14:00 Taiwan time and 01:00 EST. It is worth mentioning that TSMC Chairman Liu Deyin previously announced that he would step down as chairman after the 2024 annual shareholders' meeting, and this legal meeting will be the last time Liu Deyin will attend.
Editor: Xinzhixun-Lin Zi.