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Electronics

TSMC and MediaTek fuel rebound by Taiwan's tech sector

Chipmakers drive July sales growth in leading indicator of global IT industry

Orders received by TSMC are at a record high. (Photo courtesy of the company)

TAIPEI -- Combined revenue at 19 major Taiwanese information technology companies rose 9.4% on the year in July, increasing for a fifth straight month in a pandemic-altered world.

Chip companies are performing particularly well. Taiwan Semiconductor Manufacturing Co., the world's top contract chipmaker, reported a 25% jump in revenue, while mobile chip company MediaTek surged 29%. United Microelectronics Corp., the world's fourth-largest contract chipmaker, saw a 13% rise.

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