The world’s largest contract chipmaker is projected to report a 48.6% rise in 2020 net income, its speediest rate of expansion since 2010. Investors have sent its stock soaring 70% since the start of 2020, betting that the likes of Apple Inc will continue to lean on its widening technological lead over Samsung Electronics Co.
TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC) likely chalked up its fastest pace of profit growth in a decade, after the Taiwanese company cemented its role as chipmaker of choice to the world’s technology and auto giants.
The world’s largest contract chipmaker is projected to report a 48.6% rise in 2020 net income, its speediest rate of expansion since 2010. Investors have sent its stock soaring 70% since the start of 2020, betting that the likes of Apple Inc will continue to lean on its widening technological lead over Samsung Electronics Co.
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