TSMC Sales Set Sixth Quarterly Record on Elevated Chip Demand
- Shortages to persist as chip lead times rose again in December
- Chipmaker’s revenue set to gain 26% this year: Goldman Sachs
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Taiwan Semiconductor Manufacturing Co. reported a sixth straight quarter of record sales, buoyed by unrelenting demand by Apple Inc. and other customers for chips produced by the world’s largest foundry.
Revenue for the December quarter jumped 21% to NT$438.2 billion ($15.8 billion), according to monthly figures released by TSMC Monday. That compared with the NT$436.2 billion consensus estimate and the company’s own forecast of sales of as much as $15.7 billion.