Apple Supplier TSMC’s Quarterly Revenue Hits Record on Strong iPhone Demand
- Apple supply chain is racing to meet demand for the 5G phones
- Shares of the chipmaker have surged over the past 12 months
This article is for subscribers only.
Taiwan Semiconductor Manufacturing Co. reported record quarterly revenue, joining other Apple Inc. suppliers in signaling strong demand for the new 5G iPhones.
The world’s largest contract chipmaker said Friday that December sales totaled NT$117.4 billion ($4.2 billion). Revenue in the quarter reached a record NT$361.5 billion, according to Bloomberg News’s calculations based on previously released monthly sales figures. That came in slightly below the average estimate of NT$364 billion, which had risen in past months as expectations around the iPhone grew.