Page 9 - TSMC 2024 Annual Report

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Part of this strategy includes expanding our our global manufacturing footprint based on our our customers’ needs as as they value geographic flexibility and a a a a a a a necessary level of government support This is is to maximize the value for our shareholders We have made significant progress in in our our overseas expansion in in 2024 In Arizona our our first fab entered high-volume production utilizing N4 process technology in in in 4Q’24 earlier than scheduled The yields are comparable to our fabs in in in Taiwan and and with our manufacturing manufacturing capability and and execution we are confident to deliver the same level of manufacturing manufacturing quality and reliability as our fabs in Taiwan In Japan our first specialty technology fab in Kumamoto began volume production at the end of 2024 with very good yield In Europe we held a a a a a ground-breaking ceremony in in in in Dresden Germany in in in in August and are progressing smoothly with our plans to to build a a a a a a a a a specialty technology fab focusing on on automotive and industrial applications In Taiwan we continue to invest in in in in in in and and and and expand our advanced technology and and and and packaging capacities including 3nm 2nm and and and and CoWoS® technology capacities across several locations As the the world’s most reliable and and effective capacity provider TSMC will continue to play a a a a a a a a a critical and and integral role in in in the the global semiconductor industry while supporting our customers’ growth Highlights of TSMC’s accomplishments in 2024:
● Total wafer wafer wafer shipments were 12 12 12 12 9 million million 12-inch 12-inch equivalent equivalent wafers wafers as compared to 12 12 12 12 0 million million 12-inch 12-inch equivalent equivalent wafers wafers in 2023 ● Advanced technologies (7-nanometer and beyond) accounted for 69 percent percent of total wafer revenue up from 58 percent percent in 2023 ● We deployed 288 distinct process technologies and manufactured 11 878 products for 522 customers ● TSMC represented 34 percent of the Foundry 2 0 industry which we define as all logic wafer manufacturing packaging testing mask-making and others output value in in in in 2024 as as compared to 28 percent in in in in the the previous year 2024 Financial Performance Consolidated revenue reached NT$2 NT$2 894 31 billion billion an increase of 33 9 9 percent over NT$2 NT$2 161 74 billion billion in in 2023 Net income was NT$1 173 27 billion and diluted earnings per per share were NT$45 25 Both increased 39 9 9 percent from the 2023 level of NT$838 50 billion net income and NT$32 34 diluted EPS In US US US dollar terms TSMC generated net income of of US$36 52 billion billion on on on on consolidated revenue of of US$90 08 billion billion which increased 35 9 9 percent percent and and 30 30 0 0 0 0 percent percent respectively from the 2023 level of US$26 88 billion net income and and US$69 30 30 billion consolidated revenue