Summary by Futu AI
Taiwan Semiconductor Manufacturing Company (TSMC) announced its November 2024 revenue report. The company's consolidated revenue for November reached NT$276.06 billion, marking a 34.0% increase YoY but a 12.2% decrease MoM. For the January-November 2024 period, TSMC's total revenue amounted to NT$2,616.15 billion, up 31.8% compared to the same period in 2023.TSMC's financial activities for November 2024 included funds lent to subsidiaries, with outstanding amounts of NT$30.56 billion to TSMC Nanjing and NT$975.66 million to TSMC Washington. The company also provided significant guarantees to its subsidiaries, including NT$243.92 billion to TSMC Global and NT$310.01 billion to TSMC Arizona.In terms of financial derivatives, TSMC and its subsidiaries engaged in forward contracts and futures trading. The parent company reported an outstanding notional amount of NT$125.54 billion in forward contracts not applying hedge accounting, with a cumulative unrealized loss of NT$1.75 billion. TSMC Global's futures contracts, applying hedge accounting, showed an outstanding notional amount of NT$1.54 billion.
