Wei: We have passed the bottom of the cycle of our business, and should see our demand increase. — Bloomberg
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) projected current-quarter revenue ahead of estimates, as the Apple Inc supplier shrugs off a smartphone slump and US sanctions on Huawei Technologies Co to ride demand for cutting-edge chips.
The world’s largest contract chipmaker expects sales of US$9.1bil to US$9.2bil in the September quarter, ahead of average projections for about US$8.9bil.
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