TSMC Credited Apple for 14% Sales Increase; plans large investments

TSMC Credited Apple for 14% Sales Increase;  plans large investments

News Highlights: TSMC Credited Apple for 14% Sales Increase; plans large investments

A-series chipmaker TSMC has credited Apple and supercomputers for a 14% year-over-year increase in its Q4 2020 revenues.

The company also said it expected iPhone 12 demand to stay strong in the current quarter …

TSMC released its latest earnings report this morning.

“Our fourth quarter business was supported by strong demand for our industry-leading 5-nanometer technology, driven by the launch of 5G smartphones and HPC-related applications,” said Wendell Huang, TSMC’s VP and Chief Financial Officer.

(HPC is High Performance Computing, which in this case refers to supercomputers rather than distributed processing. Last year, an ARM-powered supercomputer became the fastest computer in the world.)

Huang added that the company expects “milder seasonality for smartphones than in recent years,” in other words, iPhone demand tends to drop significantly after the holidays, but they expect sales to remain significantly higher this year. There are numerous …

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