The world’s largest contract chipmaker booked NT$534.1bil (US$17.9bil or RM79.22bil) of revenue for the second quarter, according to Bloomberg’s calculations, compared with the average analysts’ estimate of NT$519bil (RM77.07bil).telegram中文群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) reported better-than-expected quarterly revenue, providing another signal that electronics demand is holding up better than feared.
The world’s largest contract chipmaker booked NT$534.1bil (US$17.9bil or RM79.22bil) of revenue for the second quarter, according to Bloomberg’s calculations, compared with the average analysts’ estimate of NT$519bil (RM77.07bil).
The results from Apple Inc’s most important chipmaker may allay investors’ worst fears about the impact of weakening demand and soaring costs on the US$550bill (RM2.43 trillion) semiconductor industry.
On Thursday, Samsung Electronics Co also reported a better-than-anticipated 21% jump in revenue, triggering an Asian stock rally.
While concerns linger about the longer-term impact of a potential global recession, investors seized on Samsung’s top-line expansion as a sign that chip stocks may have been oversold.
TSMC may be able to exceed its goal of growing sales by 30% in US dollar terms this year, said Jeff Pu, an analyst with Haitong International Securities.
“TSMC’s second-quarter sales is slightly lower than the most recent market expectations,” Pu said. “But the company’s third quarter revenue may outperform consensus, aided by its price hike and Apple’s new product launch.”,
TSMC, the world’s most advanced maker of silicon chips, has benefited from its most important customer. Over the past year and a half, Apple has launched five types of Mac chips.
The Taiwanese firm also continues to ride the auto industry’s growing demand for semiconductors as cars become more digitised.
Signs are emerging that the chip supply issues that plagued gadget companies and automakers for more than a year are easing.
Auto executives have said they are seeing an improvement in component supply, while delivery times for chips fell by one day in June.
Shares of TSMC closed up 2.1% yesterday ahead of the revenue announcement, but are still down 24% this year after a broader tech sell-off on recession worries.
“Robust demand for high-performance computing and automotive chips should prevail, while negative impacts from a weaker smartphone-chip demand outlook may not kick in until the fourth quarter,” Bloomberg Intelligence analyst Charles Shum wrote in a note ahead of TSMC’s announcement. — Bloomberg