The world’s largest semiconductor manufacturer and Apple’s chip supplier TSMC has set a record for the first quarter of 2022 despite continued component shortages and quarantine restrictions in China. reported earnings.
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Can’t stop TSMC
The company announced that its first quarter 2022 revenue increased 35% year-on-year to $16.97 billion despite a series of challenges. A more detailed report will be published later this month. Bloomberg states that the company has managed to overcome shutdowns and component shortages in China by restructuring production according to changes in demand.
Earlier TSMC President Mark Liu said the company has no plans to downgrade its 2022 sales and capital expenditure forecasts. TSMC is expected to soon take orders for its own 5G modems for Apple’s 2023 iPhones.
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