Apple chipmaker TSMC posts robust results, raises revenue forecast
TSMC’s results demonstrate how the world’s largest contract chipmaker is investing in technology to safeguard its market lead over Samsung Electronics and Intel
Taipei — Taiwan Semiconductor Manufacturing Company (TSMC) projected quarterly revenue well above analysts’ estimates, brushing aside concerns that tighter US sanctions on No 2 customer Huawei Technologies could dampen its business.
Shares in the world’s largest contract chipmaker have slid two straight days on worries that Washington will tighten existing restrictions on exports to Huawei, potentially curtailing shipments from TSMC and other non-American firms. If the US does move ahead, any disruption would be short-term because TSMC could replace some of the lost Huawei business with orders from other customers thanks to the 5G boom, chair Mark Liu said this week during a post-earnings conference with analysts...
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