TSMC Quarterly Sales Rise 17% After Surge in Chip Demand
- Chipmaker reports third straight quarter of record revenue
- It had pledged $100 billion of investments over three years
Outside the Taiwan Semiconductor Manufacturing Co. headquarters in Hsinchu, Taiwan, on April 7.
Photographer: Billy H.C. Kwok/BloombergThis article is for subscribers only.
Taiwan Semiconductor Manufacturing Co. reported a third straight quarter of record sales, underscoring its lead as the world’s No. 1 maker of the advanced chips that are currently in short supply.
Taiwan’s largest company said first-quarter revenue climbed 17% to NT$362.4 billion ($12.7 billion), compared with the average NT$360.5 billion of analysts estimates.