The Taiwan Semiconductor Manufacturing Company, known famously by its initials TSMC, has posted its revenue stats for December 2020 and the fourth quarter of the same year, posting NT$117.4 billion ($4.2 billion) in net revenue in December and a total of NT$361.5 billion ($12.9 billion) in the three months ended December, as calculated from previously released monthly figures.

The $12.9 billion Q4 2020 revenue represents a record for TSMC, which has seen its shares rise more than 70% over the past 12 months. The company is the main supplier of chips for Apple’s iPhones and largely benefitted from the strong iPhone demand seen over the past year. 

As TSMC enjoys good fortunes with Apple, the company has predicted that industry trends such as 5G and the rise of high-performance computing would boost its fortunes even further. Evidently, TSMC’s revenue rose 29% in 2020 compared to 2019, indicating healthy growth prospects for the company.

TSMC isn’t the only company in Apple’s supply chain that’s benefitting from strong iPhone demand, wherein others include the iPhone assembler Foxconn which beat revenue expectations in Q4 2020, and the German chipmaker Dialog Semiconductor which recently raised its sales forecasts citing stronger-than-expected demand for 5G phones and tablets.

Officially, TSMC will hold its Q4 earnings conference on the 14th of January, which can be accessed via this link.

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