Taiwan Semiconductor Manufacturing Co. projected current-quarter revenue ahead of estimates, as the Apple Inc. supplier shrugs off a smartphone slump and U.S. sanctions on Huawei Technologies Co. to ride demand for cutting-edge chips.
The world’s largest contract chipmaker expects sales of $9.1 billion to $9.2 billion in the September quarter, ahead of average projections for about $8.9 billion. The Taiwanese company earlier reported a fall in June-quarter net income to NT$66.8 billion ($2.1 billion), surpassing the NT$65.7 billion estimated.
TSMC’s solid outlook may allay fears of a persistent global chip downturn as Washington and Beijing clash. Its technological edge in chipmaking may help it grab an outsized portion of demand for advanced high-performance semiconductors, particularly as countries roll out ultra-fast fifth generation wireless networks. TSMC’s business has bottomed and should begin to rebound, Chief Executive Officer C. C. Wei said.
MacDailyNews Take: Good news from and for TSMC as the long ramp up to the 5G iPhone super cycle (2020 and beyond) begins.
Authorities are careless about 5G risks.
Authorities are careless about many risks. Most of them do not understand that various types of risks even exist, especially those associated with technology. If it goes beyond point-and-click or tap-and-swipe, most politicians are helpless. For the most part, we are led by the clueless and over-privileged.