Taiwan Semiconductor Manufacturing (TSMC) on July 15 said the latest quarterly profit rose 11.2 percent more than a year earlier to $ 4.8 billion because demand for smartphones and consumer electronics increased. This is the largest contract manufacturer of processor chips for Apple Inc. and other global brands.
Sales in three months ended June 30, up 19.8 percent to $ 13.3 billion, the company said, headquartered in Hsinchu, Taiwan.
TSMC also said it expects faster growth as the next generation telecommunications and computing produces demand for chips. Shifting to work remotely in response to Pandemic Coronavirus helps encourage demand for communication technology.
The company, whose customers also included Qualcomm Inc., said in April, he planned to invest $ 100 billion over the next three years to expand manufacturing and research and development.
Most semiconductors are used in smartphones, medical equipment, computers and other products made in Taiwan, South Korea and China. Disadvantages have emerged when supply failed to follow the request.
TSMC operates fabrication facilities for semiconductor wafers on camas, Washington, and design centers in San Jose, California, and Austin, Texas.
It has announced plans to invest $ 3.5 billion in the second US manufacturing site, in northern Phoenix, Arizona, because of growing concerns over severe American dependence on high-tech sources.
