(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s quarterly profit exceeded analyst estimates by the widest margin in six years, underscoring how its technological lead is helping the chipmaker weather the pandemic as well as U.S. curbs on No. 2 customer Huawei Technologies Co.Apple Inc.’s main iPhone chipmaker reported net income of NT$120.8 billion ($4.1 billion) on Thursday, beating the NT$110.6 billion analysts expected on average. That’s the biggest profit beat since the three months ended March 2014. TSMC also reported gross margin of 53%, exceeding its previous guidance of 50%-52%, according to today’s release.TSMC, a critically important link in the global …read more
Source:: Yahoo Finance
