Taiwan Semiconductor Manufacturing Co. reported higher-than-expected quarterly earnings. According to Bloomberg estimates, revenue of the world’s largest contract chipmaker rose 48% to approximately NT$613 billion ($19.4 billion). Apple accounts for the bulk of TSMC’s orders.

Interestingly, at the same time chipmakers Micron and Kioxia cut production, Samsung’s processor division announced a drop in profits, and AMD fell a billion dollars behind its own estimates.

Source: Ferra

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