Chipmaker TSMC profit surges 36% as Covid transforms digital demand
15 October 2020 - 17:59
Taipei — Taiwan Semiconductor Manufacturing (TSMC) hiked its revenue outlook after logging record quarterly profit, and painted a bullish picture of demand picking up over the next two years as advanced technologies are adopted more widely.
The chip sector has been one of the rare industries benefiting from the coronavirus pandemic with more people investing in premium devices as they spend longer hours at home and as corporations seek to add more bandwidth for remote workers...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.