TSMC Sees Resilient Chip Sales Boosting Q3; Electronics Demand Cooling

TSMC Sees Resilient Chip Sales Boosting Q3; Electronics Demand Cooling
The logo of Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu, Taiwan, on Jan. 19, 2021. Ann Wang/Reuters
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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.