Focus Taiwan
Date: 01/10/2020
By: Chang Chien-chung and Frances Huang

Taipei, Jan. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported a new quarterly high in sales for the fourth quarter of last year Friday, with market analysts attributing the growth to solid demand for high-end smartphones and high-performance computing (HPC) devices.

TSMC said in a statement that it posted NT$317.24 billion (US$10.57 billion) in consolidated sales for the October-December period, up 8.25 percent from a quarter earlier.

The fourth-quarter sales went beyond TSMC's earlier forecast of between NT$312.1 billion and NT$315.2 billion made by the company in mid-October.

It was the first time the chipmaker had generated revenue that breached the NT$300 billion mark.
[FULL  STORY]