TSMC today held its Q3 investor conference and reported the result of Q3 revenue. Its Q3 consolidated revenue of NT$260.41 billion, net income of NT$96.76 billion, and diluted earnings per share of NT$3.73 (US$0.59 per ADR unit) for the third quarter ended September 30, 2016.

Lora Ho, CFO of TSMC, said that the third quarter revenue of TSMC increased 22.5% YoY while net income and diluted EPS both increased 28.4%. Compared to second quarter 2016, third quarter results represent a 17.4% increase in revenue, and a 33.4% increase in net income.

In term of leading-edge technology, Mark Liu, president and co-CEO of TSMC, said: “Our 7nm technology development is well on track, the progress of EU improvement and device performance development are both on schedule, we are confident our 7nm technology to be ahead of the competition. And our plan of risk production qualification in 1Q17 remains unchanged.”

Mark Liu also pointed that their 7nm technology has been adopted by not only high-end smartphone customers but also high performance computing customers, for GPU, gaming, PCs and Tablets, VR, servers, FPGAs, automotive and networking applications. And there are more than fifteen customer products tapout in 2017.

On 5nm technology, TSMC has entered technology development phase this year and will continue to use EUV photography to improve its product quality. Its plan of risk production qualification will be in the first half of 2018.