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TSM Stock: Taiwan Semiconductor Sales Get Lift From iPhone 13 Chips

October 11, 2021
Source: reportdoor.com reportdoor.com
News Snapshot:
Taiwan Semiconductor Manufacturing (TSM) on Friday reported strong sales for September, which drove third-quarter revenue modestly above views. But TSM stock dropped on Friday. X The world’s leading semiconductor foundry got a boost during the period, thanks to production of chips for Apple‘s (AAPL) iPhone 13 handsets. Taiwan Semi said its sales in September rose 19.7% year over year to 152.69 billion New Taiwan dollars, or about $5.51 billion. Sales were up 11.1% in local currency from August. Third-quarter revenue totaled 414.67 billion New Taiwan dollars, or about $14.89 billion. Analysts had been predicting Taiwan Semi sales of 413.5 billion...
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