Net Revenue

12 Months Ended

Dec. 31, 2023

22.	NET REVENUE

Disaggregation of revenue from contracts with customers


	Years Ended December 31
	2021		2022		2023
	NT$		NT$		NT$

Product	(In Millions)		(In Millions)		(In Millions)

Wafer	$	1,405,300.3	$	1,991,855.9	$	1,882,518.1
Others		182,114.7		272,035.4		279,217.7


	$	1,587,415.0	$	2,263,891.3	$	2,161,735.8


	Years Ended December 31
	2021		2022		2023
	NT$		NT$		NT$

Geography	(In Millions)		(In Millions)		(In Millions)

Taiwan	$	203,963.7	$	210,470.8	$	149,777.4
United States		1,015,996.4		1,493,328.8		1,408,841.9
China		164,552.1		245,168.8		267,154.1
Japan		71,920.8		119,099.3		132,072.0
Europe, the Middle East and Africa		89,010.1		123,767.1		117,348.2
Others		41,971.9		72,056.5		86,542.2


	$	1,587,415.0	$	2,263,891.3	$	2,161,735.8

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


	Years Ended December 31
	2021		2022		2023
	NT$		NT$		NT$

Platform	(In Millions)		(In Millions)		(In Millions)

High Performance Computing	$	587,780.1	$	932,383.7	$	934,768.6
Smartphone		695,091.2		888,879.2		814,914.3
Internet of Things		133,006.0		196,115.0		161,916.5
Automotive		67,076.4		116,381.0		133,654.3
Digital Consumer Electronics		55,577.2		56,158.8		46,999.8
Others		48,884.1		73,973.6		69,482.3


	$	1,587,415.0	$	2,263,891.3	$	2,161,735.8


	Years Ended December 31
	2021		2022		2023
	NT$		NT$		NT$
Resolution	(In Millions)		(In Millions)		(In Millions)

3-nanometer	$	-	$	-	$	108,045.3
5-nanometer		262,327.4		508,689.9		629,300.4
7-nanometer		440,383.1		535,153.8		357,247.4
10-nanometer		660.0		24.9		23.3
16-nanometer		191,058.9		258,544.3		191,306.1
20-nanometer		5,668.8		8,853.3		10,359.0
28-nanometer		153,066.6		206,611.9		186,924.9
40/45-nanometer		103,413.6		145,546.2		114,667.4
65-nanometer		66,467.9		93,288.6		107,425.4
90-nanometer		32,260.3		40,184.2		25,642.0
0.11/0.13 micron		40,558.5		57,992.3		47,149.3
0.15/0.18 micron		86,700.3		110,571.2		86,614.2
0.25 micron and above		22,734.9		26,395.3		17,813.4


Wafer revenue	$	1,405,300.3	$	1,991,855.9	$	1,882,518.1

Contract balances

January 1,

2022

December 31,

2022

December 31,

2023

NT$

(In Millions)

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

39,762.6

70,806.6

52,736.4

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$11,590.4 million, NT$38,433.1 million and NT$69,598.3 million for the years ended December 31, 2021, 2022 and 2023, respectively.

Temporary receipts from customers


	December 31, 2022			December 31, 2023
	NT$			NT$
	(In Millions)			(In Millions)

Current portion (classified under accrued expenses and other current liabilities)		$	107,723.6		$	114,639.5
Noncurrent portion (classified under other noncurrent liabilities)			168,399.2			163,655.1


		$	276,122.8		$	278,294.6

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, 2022 and 2023, the aforementioned refund liabilities amounted to NT$53,078.4 million and NT$37,847.6 million (classified under accrued expenses and other current liabilities), respectively.