Based on the projection made by the larger semiconductor foundry, if the trend maintains, the company will outperform in Q1 2020.
On February 9, 2021, TSMC released its operating result of January 2021. According to its official website, the company achieved a revenue of NTD 126.7 billion (USD 4.53 billion), surging 22.2% year-on-year and increasing 8.0% compared with the level of December 2020.
According to the 2020 Q4 financial report released on January 14, TSMC announced the expected revenue of 2021 Q1 will be from USD 12.7 billion to USD 13 billion. If the company maintain outperform in the next two months as January did, the first quarter's revenue will reach about USD 14 billion, surpassing analysts’ expectation, which can be regarded as bullish news.
Recently, TSMC has asked builders to work overtime to complete the construction of a new 3nm processor project. TSMC’s new 3nm plant under construction is scheduled to start mass production in the second half of 2022. The project is also aiming at increasing the capacity of 5nm chips (used on iPhone 12 models) by 70% and reaching 120,000 monthly wafers production. On February 9, 2021, the board of directors of TSMC also approved the issuance of bonds of up to NTD 120 billion. All of these are indicating TSMC's plan to expand its production capacity.