Net Revenue

12 Months Ended

Dec. 31, 2022

23.	NET REVENUE

Disaggregation of revenue from contracts with customers


	Years Ended December 31
	2020		2021		2022
	NT$		NT$		NT$
Product	(In Millions)		(In Millions)		(In Millions)

Wafer	$	1,178,456.3	$	1,405,300.3	$	1,991,855.9
Others		160,798.5		182,114.7		272,035.4


	$	1,339,254.8	$	1,587,415.0	$	2,263,891.3


	Years Ended December 31
	2020		2021		2022
	NT$		NT$		NT$
Geography	(In Millions)		(In Millions)		(In Millions)

Taiwan	$	129,082.9	$	203,963.7	$	210,470.8
United States		817,911.0		1,015,996.4		1,493,328.8
China		233,783.3		164,552.1		245,168.8
Europe, the Middle East and Africa		70,213.4		89,010.1		123,767.1
Japan		63,299.2		71,920.8		119,099.3
Others		24,965.0		41,971.9		72,056.5


	$	1,339,254.8	$	1,587,415.0	$	2,263,891.3

The Company categorized the net revenue mainly based on the countries where the customers are headquartered.


	Years Ended December 31
	2020		2021		2022
	NT$		NT$		NT$
Platform	(In Millions)		(In Millions)		(In Millions)

High Performance Computing	$	439,810.0	$	587,780.1	$	932,383.7
Smartphone		645,303.6		695,091.2		888,879.2
Internet of Things		110,355.2		133,006.0		196,115.0
Automotive		44,367.5		67,076.4		116,381.0
Digital Consumer Electronics		54,555.7		55,577.2		56,158.8
Others		44,862.8		48,884.1		73,973.6


	$	1,339,254.8	$	1,587,415.0	$	2,263,891.3


	Years Ended December 31
	2020		2021		2022
	NT$		NT$		NT$
Resolution	(In Millions)		(In Millions)		(In Millions)

5-nanometer	$	90,934.5	$	262,327.4	$	508,689.9
7-nanometer		394,837.0		440,383.1		535,153.8
10-nanometer		3,403.1		660.0		24.9
16-nanometer		197,959.0		191,058.9		258,544.3
20-nanometer		8,450.9		5,668.8		8,853.3
28-nanometer		149,367.7		153,066.6		206,611.9
40/45-nanometer		103,176.5		103,413.6		145,546.2
65-nanometer		61,226.7		66,467.9		93,288.6
90-nanometer		29,380.4		32,260.3		40,184.2
0.11/0.13 micron		33,197.1		40,558.5		57,992.3
0.15/0.18 micron		86,008.5		86,700.3		110,571.2
0.25 micron and above		20,514.9		22,734.9		26,395.3


Wafer revenue	$	1,178,456.3	$	1,405,300.3	$	1,991,855.9

Contract balances

January 1,

2021

December 31,

2021

December 31,

2022

NT$

(In Millions)

Contract liabilities (classified under accrued expenses and other current liabilities)

13,775.1

39,762.6

70,806.6

The changes in the contract liability balances primarily result from the timing difference between the satisfaction of performance obligation and the customer’s payment.

The Company recognized revenue from the beginning balance of contract liability, which amounted to NT$4,737.9 million, NT$11,590.4 million and NT$38,433.1 million for the years ended December 31, 2020, 2021 and 2022, respectively.

Temporary receipts from customers


	December 31, 2021		December 31, 2022
	NT$		NT$
	(In Millions)		(In Millions)

Current portion (classified under accrued expenses and other current liabilities)	$	30,612.7	$	107,723.6
Noncurrent portion (classified under other noncurrent liabilities)		155,381.5		168,399.2


	$	185,994.2	$	276,122.8

The Company’s temporary receipts from customer are payments made by customers to the Company to retain the Company’s capacity. When the terms and conditions set forth in the agreements are subsequently satisfied, the treatment of temporary receipts, either by refund or by accounts receivable offsetting, will be determined by mutual consent.

Refund liabilities

Estimated sales returns and other allowances is made and adjusted based on historical experience and the consideration of varying contractual terms. As of December 31, 2021 and 2022, the aforementioned refund liabilities amounted to NT$41,038.0 million and NT$53,078.4 million (classified under accrued expenses and other current liabilities), respectively.