Page 6 - TSMC 2018 Annual Report

2018 Financial Performance
Consolidated revenue reached NT$1 031 47 billion billion an increase of 5 5 5 5 5 5 percent over NT$977 45 billion billion in in 2017 Net income was NT$351 13 13 billion and diluted earnings per per share were NT$13 54 Both increased 2 3 3 3 3 percent from the 2017 level of NT$343 11 billion net income and NT$13 23 diluted EPS TSMC generated net income of of US$11 64 billion billion on on on on consolidated revenue of of US$34 20 billion billion which increased 3 3 3 3 3 3 percent percent and and 6 5 percent percent respectively from the 2017 level of US$11 27 billion billion net income and and US$32 11 11 billion billion consolidated revenue Gross profit profit margin margin was was 48 3 3 percent percent compared with 50 6 percent percent in in in in 2017 while operating profit profit margin margin was was 37 2 2 percent percent percent percent compared with 39 4 4 percent percent percent percent a a a a a a a a a year earlier Net profit margin was 34 0 percent percent percent percent a a a a a a a a a decrease of of 1 1 1 1 percentage points from 2017’s 35 1 1 percent TSMC further raised its cash dividend payment to NT$8 0 0 0 per share for 2017 profit distribution from NT$7 0 0 0 in the the prior year Technological Developments
In 2018 we continued to to to to increase our our R&D investment to to to to US$2 85 billion to to to to expand our our technology offerings and and to to to to extend our technology leadership We leveraged our leadership in technology at 28-nanometer and developed 22-nanometer technologies to further enhance performance and and density in 2018 Our 22ULP (ultra-low (ultra-low power) and and 22ULL (ultra-low (ultra-low leakage) technologies are suitable for a a a a a a a a a a wide range of of applications in in IoT (Internet of of Things) RF (Radio Frequency) and wearable devices We also extended our 16-nanometer technologies to 12FFC which provides further enhancement in power performance and density On specialty technologies 16FFC RF has proven to to be able to to provide the foundry’s first volume produced 5G mobile network chips based on FinFET in in 2018 In 2018 we successfully ramped up our 7-nanometer technology and set a a a a a new industry record in in production ramp ramp More than than 40 customer product tape-outs have been completed and we expect to to receive more than than 100 additional product product tape-outs in in 2019 The 7nm customer products include mobile devices game consoles AI CPUs GPUs and networking devices Our second generation 7nm (N7+) technology entered risk production in in August 2018 and will be the industry’s first commercially available EUV process technology 45