“Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chip manufacturer, expects revenue to grow at least a record 20 percent this year thanks to increased demand from smartphone makers like Apple Inc.,” Michael Gold reports for Reuters.
“The company is now poised for a burst in sales of chips for the widely anticipated successor to the iPhone 5 [sic iPhone 5s] from Apple – a company KGI Securities analyst Michael Liu said accounts for a ‘high single digit’ percentage of TSMC’s total revenue,” Gold reports. “‘The third quarter will be another record-breaking quarter in revenue, operating income and net income,’ Chairman Morris Chang said at a meeting with analysts on Wednesday after the company announced second-quarter earnings.”
“‘We will increase our overall foundry market share by several percentage points this year,’ Chang said, and ‘at least’ maintain that share next year,” Gold reports. “TSMC held 58.7 percent of the foundry market last year, followed by GlobalFoundries Inc with 11.8 percent, according to researcher IDC. Increased custom from Apple is the primary reason for TSMC’s bullish outlook, according to market watchers. The U.S. technology company recently hired TSMC to make the majority of chips for its next-generation phones instead of choosing Samsung Electronics Co Ltd, industry insiders say.”
Read more in the full article here.
There are ‘smartphone makers like Apple,’ Mr. Gold?
I don’t think so!