{"id":799073,"date":"2021-10-14T11:26:14","date_gmt":"2021-10-14T11:26:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2021\/10\/14\/taiwans-tsmc-posts-13-8-rise-in-q3-profit-on-global-chip-demand-surge\/"},"modified":"2021-10-14T11:26:14","modified_gmt":"2021-10-14T11:26:14","slug":"taiwans-tsmc-posts-13-8-rise-in-q3-profit-on-global-chip-demand-surge","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2021\/10\/14\/taiwans-tsmc-posts-13-8-rise-in-q3-profit-on-global-chip-demand-surge\/","title":{"rendered":"Taiwan&#8217;s TSMC posts 13.8% rise in Q3 profit on global chip demand surge"},"content":{"rendered":"<p>Taiwan chip giant TSMC posted a 13.8% jump in third quarter profit on Thursday on the back of booming demand for semiconductors to power smartphones and other gadgets during the COVID-19 pandemic amid a supply crunch.<\/p>\n<p>July-September net profit for TSMC, the world&#8217;s largest contract chipmaker and a key supplier to Apple Inc, came in at T$156.3 billion ($5.56 billion), well ahead of the T$149 billion average of 22 analyst estimates compiled by Refinitiv.<\/p>\n<p>Advanced chips made by TSMC, formally known as Taiwan Semiconductor Manufacturing Co, are used in everything from high-end smartphones like Apple&#8217;s newly unveiled 5G iPhone 13, to artificial intelligence, cars and a wide variety of lower-end consumer goods.<\/p>\n<p>TSMC and Taiwan in general have also become central in efforts to resolve a pandemic-induced global chip shortage that has forced automakers to cut production, and hurt manufacturers of smartphones, laptops and even consumer appliances.<\/p>\n<p>TSMC&#8217;s revenue for the quarter climbed 22.6% to $14.88 billion, in line with the company&#8217;s prior estimated range of $14.6 billion to $14.9 billion.<\/p>\n<p>Shares of TSMC have risen about 8.5% so far this year, giving it a market value of $526.3 billion, more than double that of competitor and client Intel Corp.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiwan chip giant TSMC posted a 13.8% jump in third quarter profit on Thursday on the back of booming demand for semiconductors to power smartphones and other gadgets during the COVID-19 pandemic amid a supply crunch. July-September net profit for TSMC, the world&#8217;s largest contract chipmaker and a key supplier to Apple Inc, came in at T$156.3 billion ($5.56 billion), well ahead of the T$149 billion average of 22 analyst estimates compiled by Refinitiv. Advanced chips made by TSMC, formally known as Taiwan Semiconductor Manufacturing Co, are used in everything from high-end smartphones like Apple&#8217;s newly unveiled 5G iPhone 13, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799073","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799073"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799073\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}