, Columnist
TSMC Shrugs off Huawei Ban and Shows Who's King
The contract chipmaker is still needed, even if its big client gets sanctioned and Covid-19 ravages the economy.
TSMC has barely flinched at the U.S. ban against its second-largest customer.
Photographer: Igor Golovniov/SOPA Images/Light Rocket/Getty
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Taiwan Semiconductor Manufacturing Co. was expected to be severely hurt by a U.S. ban on producing chips designed by Huawei Technologies Co., one of its largest clients.
The opposite seems true. The Taiwanese chip foundry posted earnings Thursday that far surpassed estimates, and went on to raise its revenue and spending guidance for this uniquely troubled year.