TSMC Sees Q2 Sales Surge; Says Chip Capacity to Stay Tight This Year

TSMC Sees Q2 Sales Surge; Says Chip Capacity to Stay Tight This Year
A logo of Taiwan Semiconductor Manufacturing Co. (TSMC) is seen at its headquarters in Hsinchu, Taiwan, on Aug. 31, 2018. Tyrone Siu/Reuters
Reuters
Updated:

TAIPEI—Taiwan’s TSMC forecast an up to 37 percent jump in current-quarter sales and said it expects chip capacity to remain very tight this year, amid a global crunch that has kept order books full and allowed chipmakers to charge premium prices.

Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC), the world’s largest contract chipmaker and a major Apple Inc. supplier, forecast revenue of $17.6 billion to $18.2 billion in the quarter ending June 30, up from $13.29 billion a year earlier.