TAIPEI (BLOOMBERG) - Taiwan Semiconductor Manufacturing Co (TSMC), chipmaker to Apple and Huawei Technologies, reported a 91 per cent rise in earnings after demand for advanced silicon remained steady during the pandemic.. Read more at straitstimes.com.
TAIPEI - Taiwan Semiconductor Manufacturing Co , chipmaker to Apple and Huawei Technologies, reported a 91 per cent rise in earnings after demand for advanced silicon remained steady during the pandemic.
The robust results from TSMC, a barometer for the tech industry thanks to its heft and place in the supply chain, underscore resilient demand for the semiconductors in smartphones and datacenters that are hosting an unprecedented surge in online activity globally. TSMC's revenue rose 42 per cent in the first quarter to NT$310.6 billion, based on previously reported monthly numbers. That's despite top customer Apple withdrawing its revenue outlook for the current quarter because of work slowdowns and lower demand in China, its biggest international market.
In the longer term, TSMC like other corporations will have to contend with global economic turmoil and fallout from the US-China trade war.
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