TSMC sales hit new high in August

Focus Taiwan
Date: 2019/09/10
By: Chang Chien-chung and Frances Huang

Taipei, Sept. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, said it saw its August sales hitting a monthly record high in the company's history.

Market analysts said the August spike was partly the result of an increase in orders placed by Apple Inc., which was building up inventory in preparation for the launch of the next-generation iPhones scheduled for later in September.

In a statement, TSMC said it posted sales of NT$106.12 billion (US$3.40 billion), the highest-ever level, up 25.2 percent from a month earlier and also up 16.5 percent from a year earlier.

Analysts said the August sales even surpassed an earlier market estimate of NT$100 billion on the back of the peak-season effect at a time when several major clients, including Apple, are set to launch new devices.    [FULL  STORY]

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