Recently, TSMC announced that it will start taking pre-orders for 2NM wafers on April 1. TSMC is the world’s first manufacturer of 2nm wafers and expects to produce 50,000 wafers per month by the end of this year, potential customers include apple, AMD, Intel and Broadcom.
TSMC 2024 revenues of $26.88 bn in the fourth quarter, up 38.8 per cent from a year earlier, while net profit was $11.592 bn, up 57.1 per cent, according to public data. Among them, 3nm and 5nm advanced process technology demand is strong, driving the company’s performance growth.
In a research report released a few days ago, huaxin securities said that TSMC’s gross profit margin in the fourth quarter was 59.0% , up 6.0 percentage points year-on-year; its net profit margin was 43.1% , up 5.0 percentage points year-on-year, mainly because of increased Capacity utilization and productivity. Despite the dilutive effect of 3nm mass production and rising power costs, Capacity utilization and productivity gains have continued to improve profitability.
Huaxin securities also mentioned that TSMC’s global production layout has accelerated, with the first wafer fabrication plant in Arizona in the United States entering mass production in the fourth quarter of the 2024, the second and third fabs are being built as planned, and the company’s FAB projects in Japan and Germany are well underway. Through the global layout, the company can better meet customer needs, while improving their competitiveness. In technology, the company continues to consolidate its leading position in the field of advanced process, 2NM technology is expected to achieve mass production in the second half of 2025, will further enhance the company’s technological advantages.