Chipmaker TSMC’s profit bigger than expected


TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) projected quarterly revenue well above analysts’ estimates, underscoring hopes that the rollout of fifth-generation enabled smartphones in 2020 will galvanise growth for Apple Inc’s main chipmaker.

TSMC forecast revenue of US$10.2bil to US$10.3bil in the March quarter, surpassing estimates for US$9.6bil.

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