Reuters
TSMC sees Q2 sales surge; says chip capacity to stay tight this year
TAIPEI (Reuters) -Taiwan’s TSMC forecast an up to 37% jump in current-quarter sales and said it expects chip capacity to remain very tight this year, amid a global crunch that has kept order books full and allowed chipmakers to charge premium prices. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, forecast revenue of $17.6 billion to $18.2 billion in the quarter ending June 30, up from $13.29 billion a year earlier. TSMC is working to address supply chain challenges with tool suppliers to help them expand capacity, CEO C.C. Wei told an online earnings briefing, referring to a cycle of shortages where makers of chip equipment are struggling to find the chips needed for equipment to supply chipmakers like TSMC.
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