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Stock impact report

Apple Chipmaker TSMC’s Profit Soars on iPhone Demand [Yahoo! Finance News]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
) -- Taiwan Semiconductor Manufacturing Co. forecast revenue growth of roughly 30% this quarter, suggesting the chipmaker to Apple Inc. and Huawei nologies Co. is confident of resilient demand for advanced semiconductors during a pandemic-induced downturn.The world’s largest contract chipmaker expects revenue of between $10.1 billion and $10.4 billion from April to June, at a time Covid-19 is spreading across the globe. That forecast followed a near-doubling of net income to NT$116.99 billion $3.9 billion) for the three months ended March, when demand for advanced silicon remained steady during the pandemic.The robust results from TSMC, a barometer for the tech industry thanks to its heft and place in the supply chain, underscore resilient demand for the semiconductors in datacenters that are hosting an unprecedented surge in online activity globally. Taiwan’s largest company commands a growing position in the production of the high-end chips needed in server capacity for everything f Show less Read more
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