TAIPEI—Taiwan’s TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was “highly confident” about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.
The outlook from the world’s largest contract-chipmaker follows blow-out results for the April-June period that underscored resilient demand amid a chip crunch caused by pandemic-fuelled sales of smartphones and laptops.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is a major Apple Inc supplier and the results are also testament to demand for the iPhone 13 despite record global inflation and worries of a looming recession.
They are likely to ease some worries after several chipmakers, including Micron Technology Inc recently sounded the alarm that chip shortages turned it a glut in some sectors, as soaring inflation and China’s COVID-19 curbs have squashed demand for electronics….