Chipmaker posts record profit and strong guidance


Signage for Taiwan Semiconductor Manufacturing Co. (TSMC) is displayed at the company’s headquarters in Hsinchu, Taiwan, on Wednesday, June 5, 2019.

Ashley Pon | Bloomberg via Getty Images

TSMC, the world’s biggest chipmaker, posted record net profit in the second quarter, helping assuage fears over weak demand from high inflation and a glut of some semiconductors on the market.

These are some of the key numbers for the three months ended June 30:

  • Revenue of 534.14 billion Taiwanese dollars ($18.16 billion), a rise 43.5% year-on-year. That beat the 524.02 billion Taiwan dollar average from analyst estimates compiled by Refinitiv.
  • Net income of 237.03 billion Taiwanese dollars, up 76.4%…

Source cnbc.com

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