TSMC Sales Soar 44% in Another Sign of Resilient Tech Demand
- Revenue beats expectations a day after Samsung outperformed
- Investors grappling with longer term economic uncertainties
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Taiwan Semiconductor Manufacturing Co. reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.
The world’s largest contract chipmaker booked NT$534.1 billion ($17.9 billion) of revenue for the second quarter, according to Bloomberg’s calculations, compared with the average analysts’ estimate of NT$519 billion.