Demand for semiconductors that power everything from cars to the latest smartphones have driven lead times to record highs and helped contract chipmakers like TSMC fill order books. But capacity constraints have limited the Taiwanese company’s ability to fully capitalise on the boom, even as it set aside US$100 billion to grow output over three years and evaluated potential new plants in Japan and Europe.
Taiwan Semiconductor Manufacturing Co.’s quarterly profit beat expectations as demand for the chips stayed robust in the face of worsening snarls in the supply chain.
The world’s No. 1 foundry said Thursday net income for the three months ended September rose 14% to NT$156.3 billion ($7.5 billion), compared with the NT$149.6 billion average of analyst estimates. The company posted record revenue of NT$414.7 billion for the quarter, according to previously disclosed figures.
