Taiwanese chip maker Taiwan Semiconductor Manufacturing Co (TSMC), which produces A9 processors for iPhone 6s and iPhone 6s Plus, published a financial report for the fourth quarter 2015 and for the year as a whole. The past year was extremely successful for the company and its financial results exceeded the most optimistic expectations. A
During 2015 TSMC gained 306.57 billion New Taiwan dollars (about $ 9.15 billion) net profit, up 16.2% more than in 2014. This is a record figure for the lifetime of the company. Consolidated sales for the past 12 months increased by 10.6% to 843,497 billion Taiwan dollars (about $ 25.2 billion), which is also a record for the manufacturer. $ 3.7 billion in annual revenue TSMC brought a contract with Apple.
As for the fourth quarter 2015, during which time the TSMC has received 72.8 billion Taiwan dollars ($ 2.2 billion) net profit, while analysts on average expected result at the level of 68.5 billion Taiwan dollars.
SinoPac analyst Chen Ethan said that TSMC revenues will continue to grow thanks in part to obtain an order for the production of Apple A10 chip for the next generation iPhone. The new processor will be released on 16-nanometer process technology TSMC InFo. Starting its production is expected to be held in March of this year.