TSMC Sales Rise to Record on Demand for New Smartphones
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Taiwan Semiconductor Manufacturing Co. gained after posting record quarterly sales as customers including Apple Inc. prepare for the release of new devices.
The chipmaker rose 1.5 percent to close at NT$136.50 in Taipei trading, extending a 29 percent gain this year. Second-quarter sales were NT$183 billion ($6.1 billion) according to Bloomberg calculations based on monthly sales reported yesterday. That’s ahead of the NT$181.4 billion average of 23 analyst estimates compiled by Bloomberg.