On October 15, a semiconductor foundry $Taiwan Semiconductor (TSM.US)$announced its financial results for the third quarter of 2020.
The data shows that in the third quarter, Taiwan Semiconductor achieved $12.138 billion in revenue, a significant increase of 29.2% year-on-year, far exceeding the upper limit of $11.5 billion guidance provided by the company in the Q2 financial report.
In terms of profitability, Taiwan Semiconductor's third-quarter gross margin reached 53.4%, hitting a new high in recent years.
In terms of advanced process applications, the revenue share of the 5-nanometer process reached 8% in the third quarter, while the combined revenue contribution of 16 nanometers and below advanced process technologies was 61%, achieving the best performance in history.
Driven by advanced process technologies, taiwan semiconductor raised its full-year performance growth target.
From various data perspectives, taiwan semiconductor reported explosive results in the third quarter, but the stock price remained unaffected after the announcement, with pre-market trends.