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TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co., the world’s largest contract producer of processor chips, stated Thursday quarterly revenue rose 16.7% over a 12 months in the past as international demand strengthened.
Revenue after tax rose to 139.6 billion New Taiwan {dollars} ($4.9 billion) for the three months ending in March, the Taipei-based firm introduced. Whole income rose 16.7% over a 12 months in the past to 362.Four New Taiwan {dollars} ($12.eight billion).
TSMC makes chips for main manufacturers together with Apple Inc. and Qualcomm Inc.
The pandemic boosted demand for digital tools as extra individuals labored from dwelling. The revival of the worldwide economic system additionally has helped to rebuild demand for autos and different shopper items that depend upon processor chips.
TSMC this month introduced plans to speculate $100 billion within the subsequent three years to broaden manufacturing and in analysis and improvement.
Most semiconductors utilized in smartphones, medical tools, computer systems and different merchandise are made in Taiwan, South Korea and China. That has prompted concern in the USA that potential extreme reliance on international sources.
TSMC beforehand introduced plans to speculate $3.5 billion in a producing web site in North Phoenix, Arizona. TSMC additionally operates a semiconductor wafer fabrication facility in Camas, Washington, and design facilities in San Jose, California, and Austin, Texas.
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