TSMC Predicted To Significantly Grow Revenue This Quarter

WCCF (Where Consumers Come First)
Date: Sep 4, 2020
By: Ramish Zafar

Taiwanese semiconductor fabrication company TSMC is one of the handful of corporations that have managed to breeze past this year's post-pandemic virus disruption. TSMC, which is responsible for fulfilling the processor supply needs of companies such as Apple and AMD, has made a name for itself through its leading-edge processor fabrication nodes. Its 7nm manufacturing processes have provided AMD with a serious leg up over chip behemoth Intel Corporation, and its next-generation 5nm node is expected to give Apple's upcoming iPhones a serious competitive advantage over their competitors.

Now, as we enter into the end of this year's third quarter, analysts are starting to present their estimates of TSMC's revenue. These estimates fall in line with what the firm provided in its guidance for the quarter in July and sit smack in the middle of TSMC's estimated range.

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TSMC's Q3 2020 Research Firm Revenue Estimates Will Mark 10% Sequential and 20% Year-over-Year Growth

The estimate is reported by Chinese publication TechWeb and it predicts that the company will grow its revenues both year-over-year and sequentially. During the second quarter of 2020, TSMC earned $10.4 billion in revenue and in the third quarter of 2019, it posted $9.4 billion in revenue. Subsequently, the estimate shared by TechWeb speculates that at the end of this quarter, the Taiwanese firm will have grown revenue by 10% sequentially and 20% year-over-year.    [FULL  STORY]

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