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TSMC Sales Top Estimates as Clout Helps Chip Giant During Slowdown

  • Quarterly revenue at Taiwanese chipmaker reaches $19.4 billion
  • Concerns linger about long-term impact of potential recession
TSMC is the world’s most advanced maker of silicon chips.

TSMC is the world’s most advanced maker of silicon chips.

Photographer: I-Hwa Cheng/Bloomberg
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Taiwan Semiconductor Manufacturing Co. reported higher-than-expected quarterly revenue, signaling the chip giant is benefiting from market share gains to weather an industry slowdown.

Revenue at the world’s largest contract chipmaker rose 48% to about NT$613 billion ($19.4 billion) in the third quarter, according to Bloomberg’s calculations. Analysts estimated NT$603 billion on average.