In a recent interview, TSMC Chairman Mark Liu revealed that benefiting from the high demand for 5G and HPC (High Performance Computing), TSMC's 2020 revenue outlook is optimistic. In addition, due to the insufficient supply of 7nm process foundry, TSMC's capital expenditure in 2020 is expected to reach US $ 15 billion to US $ 16 billion, a record high.
Recently, TSMC announced that consolidated revenue in the fourth quarter of last year increased 8.3% quarterly to NT $ 327.237 billion, an increase of 9.5% over the same period of the previous year and a record high. In addition, TSMC's consolidated revenue last year reached NT $ 1,069.985 billion, an increase of 3.7% over 2018.
TSMC remains optimistic about the prosperity of the semiconductor market this year. TSMC said that in the fourth quarter of last year, it benefited from strong demand for high-end smartphones, initial construction of 5G, and HPC computing-related applications, and its 7-nanometer capacity was fully loaded. Although affected by seasonal factors of mobile device products in the first quarter of this year, TSMC's performance is expected to benefit from high demand for 5G smartphones.