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TSMC Raises Sales Outlook, Affirming Global Chip Kingpin Role

  • Chip shortage for auto customers will be greatly reduced in 3Q
  • 2Q profit rose 11% while gross margin missed estimates
A silicon wafer made by Taiwan Semiconductor Manufacturing C

Photographer: Bloomberg

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Taiwan Semiconductor Manufacturing Co. expects sales to rise more than 20% in 2021, affirming its crucial role in helping alleviate a global chip shortage that’s walloped automaking and other industries.

TSMC, chipmaker to Apple Inc. and a key partner to many of the world’s biggest carmakers, expects semiconductor supply to remain tight into 2022, Chief Executive Officer C.C. Wei said Thursday. The company will ramp up production of microcontrollers by close to 60% this year, which will help to greatly boost supplies for its automobile clients starting in the current quarter. Executives also for the first time confirmed the company was weighing plans for a fabrication plant in Japan.