The top chipmaker TSMCA new record quarterly sales was set at the conclusion of 2021 thanks to increased demand from high-ranking clients, AppleAnd QualcommUseful for semiconductors.

The Taiwanese foundry, which manufacturers chips for other companies, reported December revenue of 155.38 billion new Taiwan dollars (about $5.6 billion) — a record number for a single month, and up 4.8% from November.

The fourth quarter’s revenue was 438.18 million new Taiwan dollars. This is the sixth consecutive quarterly record for sales that TSMC has set.

The demand for semiconductors is on the rise, as they are crucial for all things, from cars to smartphones, even though it has been declining. shortage of chips has hit several industries.

In the last year, Nikkei reportedTSMC planned to raise prices in response to strong demand, but also lack of supply.

China Renaissance Investment Bank stated this month in a memo that they expect TSMC’s financials to reflect foundry price increase benefits. This is something its peers had greatly enjoyed last year.

China Renaissance has raised its revenue expectations for 2022. They now anticipate 23% growth in year-on-year sales. This is largely driven by its higher average selling price of its products.

On Monday, shares of Taiwan’s TSMC were 1.42% more.