Tag Archive : Chipmakers

/ Chipmakers

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. reported a stronger-than-expected 22% rise in quarterly sales, buoyed by orders from its largest customers including Apple Inc.

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The world’s largest contract chipmaker saw revenue for the three months to September climb to a record NT$356.4 billion ($12.4 billion), up from NT$293 billion a year earlier, according to Bloomberg calculations based on monthly sales data disclosed by TSMC. Fellow Taiwanese chipmakers United Microelectronics Corp. and MediaTek Inc. on Thursday also reported strong sales, suggesting a broad recovery in the industry.

TSMC in July raised its 2020 outlook, saying that revenue this year will grow by more than 20% in dollar terms. Sales for the first nine months of the year suggests that Apple’s main iPhone chipmaker is on track to meet its growth forecast as the Covid-19 pandemic fueled demand for home computing equipment.

The company’s business typically revs up in the

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Slowly but surely politicians in Washington and Beijing are splitting the internet in half, and that is bad news for innovation and technology investors.

The Chinese foreign minister in September announced new initiatives for global data security, clearly aimed at curtailing efforts by the Trump administration to isolate Chinese technology companies.

It’s too little, too late. Investors should lighten up in select technology shares.

For the better part of two years President Trump and his advisors have been intent on killing Huawei, the giant telecommunication equipment maker. Hawks in his administration see the Chinese

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