TAIPEI (Taiwan News) — Chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電) posted record revenues for June and for the second quarter amid surging demand for electronics during the COVID-19 pandemic, reports said Friday (June 9).
The world's largest contract semiconductor maker said its revenue rose to NT$148.47 billion (US$5.3 billion) in June, totaling NT$372.14 billion for the April-June period, CNA reported.
With Apple, Inc. ordering chips for its next generation of smartphones, TSMC saw its June revenue book a 32.1 percent increase from May and a 22.8 percent rise from June last year for a historic one-month performance.
The company's prediction for the third quarter will have to wait until July 15, but analysts are expecting that global demand will help TSMC improve its position even further and break more records.
The chipmaker’s overseas plans and the progress in its quest to import 5 million BioNTech COVID-19 vaccines directly from Germany will also attract public attention, analysts said.