Semiconductor Demand – Record Profit for TSMC – Economy

Thanks to the enormous demand for semiconductor components, the world’s largest chip manufacturer TSMC achieved much more sales and profits from October to December than in the same period last year. TSMC generated a record surplus of more than 166 billion Taiwanese dollars (around 5.3 billion euros), as the group announced on Thursday in Hsinchu. That was 16.4 percent more than a year earlier. Sales grew by a good fifth to 438 billion Taiwanese dollars, also a record. For the first quarter that has just started, the group expects continued high demand, which will be supported, among other things, by the recovery in the automotive segment. TSMC is the world’s largest contract manufacturer of chips and wafers, the base plates for electronic semiconductors. It is also Asia’s largest company. Customers include Apple.

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