Intel, Nvidia, AMD Get Boost From Record TSMC Profits, Bullish Chip Demand Forecast

Published by
The Street

By Martin Baccardax TSMC, the world’s biggest contract chipmaker, is doubling its forecast for revenue growth amid what it calls a “multi-year industry megatrend” for global semiconductor demand. Taiwan Semiconductor Mfg. Co. Ltd., (TSM) – Get Taiwan Semiconductor Manufacturing Co. Ltd. Report the world’s biggest contract chipmaker and a lead supplier for Apple (AAPL) – Get Apple Inc. Report iPhones, posted record quarterly profits and forecast a record boost in capital spending to meet the surge in global semiconductor demand. TSMC said earnings for the three months ending in December rose 16…

Read More