TAIPEI, Taiwan—TSMC, the most important contract producer of processor chips for Apple Inc. and different world manufacturers, stated Thursday its newest quarterly profit rose 11.2 % over a 12 months earlier to $4.8 billion as demand for smartphones and shopper electronics elevated.
Gross sales within the three months ending June 30 rose 19.8 % to $13.3 billion, stated the corporate, headquartered in Hsinchu, Taiwan.
Taiwan Semiconductor Manufacturing Inc. has stated it expects sooner development as next-generation telecoms and computing generates demand for chips. A shift to working remotely in response to the coronavirus pandemic helped propel demand for communications expertise.
The corporate, whose prospects additionally embrace Qualcomm Inc., stated in April it plans to take a position $100 billion over the subsequent three years to increase manufacturing and analysis and growth.
Most semiconductors utilized in smartphones, medical tools, computer systems, and different merchandise are made in Taiwan, South Korea, and China. Shortages have cropped up as provide didn’t sustain with demand.
TSMC operates a semiconductor wafer fabrication facility in Camas, Washington, and design facilities in San Jose, California, and Austin, Texas.
It has introduced plans to take a position $3.5 billion in a second U.S. manufacturing web site, in North Phoenix, Arizona, as concern grows over heavy American reliance on Asian sources for high-tech elements.