Revenue → Gross profit: $10.0BRevenue → Cost of revenue: $8.9BHPC → Revenue: $8.7BGross profit → Operating profit: $7.9BSmartphone → Revenue: $7.2BOperating profit → Net profit: $6.6BGross profit → Operating costs: $2.1BOperating costs → R&D: $1.5BOperating profit → Tax: $1.3BAutomotive → Revenue: $1.1BIoT → Revenue: $1.1BOperating costs → SG&A: $0.6BOther profit → Net profit: $0.6BDigital CE → Revenue: $0.4BOther → Revenue: $0.4BOperating costs → Others: $0.0BHPC: $8.7BRevenue: $18.9BSmartphone: $7.2BIoT: $1.1BAutomotive: $1.1BDigital CE: $0.4BOther: $0.4BCost of revenue: $8.9BGross profit: $10.0BOperating costs: $2.1BR&D: $1.5BSG&A: $0.6BOthers: $0.0BOperating profit: $7.9BTax: $1.3BOther profit: $0.6BNet profit: $7.2Bcreated with SankeyArt.comHPC46%Revenue$18.9B13% Y/YSmartphone38%IoT6%Automotive6%Digital CE2%Other2%Cost of revenue$8.9B21% Y/YGross profit$10.0B6% Y/YOperating costs$2.1B15% Y/YR&D$1.5B14% Y/YSG&A$0.6B15% Y/YOthers$4MOperating profit$7.9B4% Y/YTax$1.3B7% Y/YOther profit$0.6B30% Y/YNet profit$7.2B5% Y/YTSMC Q1 FY24 Income Statement