TSMC Turns in Record Quarter, Warns of Ongoing Shortages
TSMC reported its quarterly earnings, including record sales and an 11% increase in revenue. TSMC is the world’s leading semiconductor manufacturer. The company is the primary chip-maker for Apple, and also makes chips for Intel, Qualcomm, AMD, NVIDIA, Alphabet and others. The company has now reported record revenue of $13.29 billion, a 28% increase. Net profit was up 11%, coming in at $4.81 billion. “Our second quarter business was mainly driven by continued strength in HPC and Automotive-related demand,” said Wendell Huang, VP and Chief Financial Officer of TSMC. “Moving…
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