(Bloomberg) — Taiwan Semiconductor Manufacturing Co. raised its full-year revenue forecast again after posting a stronger-than-expected 36% increase in profit, buoyed by orders from Apple Inc. ahead of the new iPhones.The world’s largest contract chipmaker now expects 2020 sales to climb more than 30% in dollar terms, compared with a previous forecast of growth of more than 20%. For the current quarter, revenue should be between $12.4 billion and $12.7 billion, while gross margin will be between 51.5% and 53.5%, Chief Financial Officer Wendell Huang told analysts.Previously disclosed monthly numbers showed sales climbed to a record NT$356.4 billion ($12.4 billion) …read more
Source:: Yahoo Finance
