TSMC outlook tops estimates as Apple’s Phone 7 helps chipmaker defy slowdown

“Taiwan Semiconductor Manufacturing Co. forecast better-than-anticipated sales as Apple Inc. prepares to trot out its latest iPhone, helping the chipmaker defy the mobile industry’s worst-ever downturn,” David Ramli reports for Bloomberg.

“TSMC gave its outlook after reporting second-quarter profit that topped analysts’ projections, as demand from up-and-coming Chinese smartphone brands such as Oppo and Vivo filled a void created by the global slowdown and a months-long lull ahead of the iPhone 7’s debut,” Ramli reports. “The world’s largest contract chipmaker, as a major supplier to Apple and other industry heavyweights from Qualcomm Inc. to Huawei Technologies Co, has emerged as a key industry bellwether.”

“As one of the key suppliers for the iPhone, TSMC may already have begun to crank out chipsets for the latest model, according to SinoPac Securities Investment Service,” Ramli reports. “The custom chipmaker, which competes with Samsung Electronics Co. to make processors for Apple, is predicting revenue of NT$254 billion to NT$257 billion for third quarter, exceeding the NT$250.1 billion that analysts predict on average.”

Read more in the full article here.

MacDailyNews Take: TSMC may already have begun to crank out chipsets for iPhone 7. Gee, ya think? 😉

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