TSMC juggernaut shows no signs of slowing

FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co (TSMC) is pictured at its headquarters, in Hsinchu, Taiwan, January 19, 2021. REUTERS/Ann Wang

LAST year, Taiwan Semiconductor Manufacturing Co (TSMC) stamped its mark on the global economy with record sales and unrivalled leadership over the world’s most advanced chips. It looks to be even more dominant in 2022, and is flexing its muscles accordingly.

Investors will be cheered by record earnings, which beat even the highest of analyst estimates, and a widening gross margin that comes despite ongoing inflationary pressures coupled with constraints in procuring equipment and materials.