(Bloomberg) — Taiwan Semiconductor Manufacturing Co. forecast revenue growth of roughly 30% this quarter, suggesting the chipmaker to Apple Inc. and Huawei Technologies Co. is confident of resilient demand for advanced semiconductors during a pandemic-induced downturn.The world’s largest contract chipmaker expects revenue of between $10.1 billion and $10.4 billion from April to June, at a time Covid-19 is spreading across the globe. That forecast followed a near-doubling of net income to NT$116.99 billion ($3.9 billion) for the three months ended March, when demand for advanced silicon remained steady during the pandemic.The robust results from TSMC, a barometer for the tech …read more
Source:: Yahoo Finance
