TSMC Forecasts Bullish End to 2021 on Strong Chip Demand
- 4Q sales may grow to $15.7 billion, beating some estimates
- Chipmaker plans to build a specialty technology fab in Japan
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Taiwan Semiconductor Manufacturing Co. forecast fourth-quarter sales and margins that exceeded some analysts’ estimates, as demand for chips stayed robust in the face of worsening snarls in the supply chain.
The world’s No. 1 foundry said Thursday it expects revenue of as much as $15.7 billion in the three months ended December, helping full-year sales grow by about 24% in dollar terms. Gross margin may be as high as 53%, with executives reiterating a long-term target of more than 50%. Analysts had expected average sales of $15.3 billion and margin of 51.4% for the December quarter.