, Columnist
This Is Why the TSMC Juggernaut Shows No Signs of Slowing
Demand for the most advanced chips is so strong that customers like Apple and Nvidia seem happy to pay more.
Clients are buying it.
Photographer: I-Hwa Cheng/BloombergThis article is for subscribers only.
Last year, Taiwan Semiconductor Manufacturing Co. stamped its mark on the global economy with record sales and unrivaled leadership over the world’s most advanced chips. It looks to be even more dominant in 2022, and is flexing its muscles accordingly.
Investors will be cheered by record earnings, which beat even the highest of analyst estimates, and a widening gross margin that comes despite ongoing inflationary pressures coupled with constraints in procuring equipment and materials. They’ll also be pleased that the revenue outlook for this quarter is well above expectations.