- Taiwan Semiconductor Manufacturing Company Ltd TSM reported 36.4% year-over-year revenue growth in September to NT$208.25 billion.
- Revenue for January-September 2022 totaled NT$1.64 trillion, up 42.6% year-on-year.
- Revenue for the third quarter rose 48% year-on-year to NT$613 billion (US$19.4 billion), beating the consensus of NT$603 billion. Bloomberg reports.
- The report found that increasing revenue at Apple Inc AAPL The top chipmaker is signaling that the most prominent players in the $550 billion semiconductor industry are weathering the severe downturn, helped by robust demand for electronics products.
- Apple has withdrawn plans to ramp up production of its new iPhones, raising questions about underlying electronics demand.
- Samsung Electronics Co.,Ltd SSNLF expects Q3FY22 revenue of KRW76 trillion versus actual revenue of KRW73.98 in Q3 FY21.
- Samsung expects operating profit to fall nearly 32% to 10.8 trillion won from the same period last year.
- Other chip manufacturers, including Micron Technology, Inc muwarned of a tougher market as inventories build and are cut from the data center and ordering Consumer Tech Customers.
- Price promotion: TSM shares closed down 0.17% at $74.35 on Thursday.
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