TSMC may be able to exceed its goal of growing sales by 30% in US dollar terms this year, said Jeff Pu, an analyst with Haitong International Securities… “The company’s third quarter revenue may outperform consensus, aided by its price hike and Apple’s new product launch.” TSMC, the world’s most advanced maker of silicon chips, has benefited from its most important customer. Over the past year and a half, Apple has launched five types of Mac chips.
Taiwan Semiconductor Manufacturing Co. (TSMC), a supplier to Apple, announced second quarter sales of NT$534.1 billion ($17.9 billion), exceeding the average analyst forecast of NT$519 billion. The most significant chipmaker for Apple Inc.’s products may have allayed investors’ biggest concerns about the impact of declining demand and rising costs on the $550 billion semiconductor market.
MacDailyNews Take: Good news leading into Apple’s fiscal Q322 earnings report, due after market close on July 28th. Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!