Net Revenue

12 Months Ended

Dec. 31, 2024

22.	NET REVENUE

Disaggregation of revenue from contracts with customers


	Years Ended December 31
	2022		2023		2024
	NT$		NT$		NT$

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

Wafer	$	1,991,855.9	$	1,882,518.1	$	2,514,461.3
Others		272,035.4		279,217.7		379,846.4


	$	2,263,891.3	$	2,161,735.8	$	2,894,307.7


	Years Ended December 31
	2022		2023		2024
	NT$		NT$		NT$

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

Taiwan	$	210,470.8	$	149,777.4	$	270,413.5
United States		1,493,328.8		1,408,841.9		1,992,280.4
China		245,168.8		267,154.1		331,673.3
Japan		119,099.3		132,072.0		144,239.9
Europe, the Middle East and Africa		123,767.1		117,348.2		102,760.9
Others		72,056.5		86,542.2		52,939.7


	$	2,263,891.3	$	2,161,735.8	$	2,894,307.7

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


	Years Ended December 31
	2022		2023		2024
	NT$		NT$		NT$

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

High Performance Computing	$	932,383.7	$	934,768.6	$	1,476,890.6
Smartphone		888,879.2		814,914.3		1,005,130.5
Internet of Things		196,115.0		161,916.5		165,516.2
Automotive		116,381.0		133,654.3		139,323.1
Digital Consumer Electronics		56,158.8		46,999.8		47,960.4
Others		73,973.6		69,482.3		59,486.9


	$	2,263,891.3	$	2,161,735.8	$	2,894,307.7


	Years Ended December 31
	2022		2023		2024
	NT$		NT$		NT$
Resolution	(In Millions)		(In Millions)		(In Millions)

3-nanometer	$	-	$	108,045.3	$	459,530.2
5-nanometer		508,689.9		629,300.4		861,318.9
7-nanometer		535,178.7		357,270.7		416,790.3
16-nanometer		258,544.3		191,306.1		202,383.7


	Years Ended December 31
	2022		2023		2024
	NT$		NT$		NT$
Resolution	(In Millions)		(In Millions)		(In Millions)

20-nanometer	$	8,853.3	$	10,359.0	$	4,077.2
28-nanometer		206,611.9		186,924.9		188,155.0
40/45-nanometer		145,546.2		114,667.4		108,468.2
65-nanometer		93,288.6		107,425.4		93,120.1
90-nanometer		40,184.2		25,642.0		21,509.3
0.11/0.13 micron		57,992.3		47,149.3		52,442.8
0.15/0.18 micron		110,571.2		86,614.2		90,796.8
0.25 micron and above		26,395.3		17,813.4		15,868.8


Wafer revenue	$	1,991,855.9	$	1,882,518.1	$	2,514,461.3

Contract balances

January 1,

2023

December 31,

2023

December 31,

2024

NT$

(In Millions)

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

70,806.6

52,736.4

89,435.4

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$38,433.1 million, NT$69,598.3 million and NT$51,578.4 million for the years ended December 31, 2022, 2023 and 2024, respectively.

Temporary receipts from customers


	December 31, 2023		December 31, 2024
	NT$		NT$
	(In Millions)		(In Millions)

Current portion (classified under accrued expenses and other current liabilities)	$	114,639.5	$	198,602.6
Noncurrent portion (classified under other noncurrent liabilities)		163,655.1		92,499.2


	$	278,294.6	$	291,101.8

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, 2023 and 2024, the aforementioned refund liabilities amounted to NT$

37,847.6

million and NT$

63,185.2

million (classified under accrued expenses and other current liabilities), respectively.