Taipei Times
Date: Oct 10, 2019
By: Lisa Wang / Staff reporter
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies the processors used in Apple Inc’s iPhones, yesterday posted record-high quarterly revenue of NT$293.05 billion (US$9.5 billion) for the third quarter amid robust sales of the new iPhone 11.
That surpassed the Hsinchu-based chipmaker’s forecast in July that revenue would climb to between US$9.1 billion and US$9.2 billion in the third quarter.
Last quarter’s revenue represented quarter-on-quarter growth of 21.6 percent and a year-on-year increase of 12.56 percent.
IC Insights Inc forecast that TSMC would post US$9.15 billion in revenue for the third quarter and US$10.5 billion this quarter, according to a report released by the US-based market advisory firm on Sept. 25. [FULL STORY]