Chip maker TSMC’s record profit beats forecasts ahead of new iPhones

//Chip maker TSMC’s record profit beats forecasts ahead of new iPhones

Chip maker TSMC’s record profit beats forecasts ahead of new iPhones

Taiwan Semiconductor Manufacturing Co (TSMC) reported a stronger-than-expected 36 per cent increase in profit, buoyed by orders from its largest customers, including Apple, ahead of new iPhone shipments to consumers.The world’s largest contract chip maker saw net income for the three months to September rise to an all-time high of NT$137.3 billion (US$4.8 billion), versus the average analyst estimate of NT$126 billion.Previously disclosed monthly numbers showed sales climbed to a record NT$356…

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By | 2020-10-15T08:05:30+00:00 October 15th, 2020|Technology|Comments Off on Chip maker TSMC’s record profit beats forecasts ahead of new iPhones