ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Technology

TSMC says 2020 revenue to jump 30% despite losing Huawei orders

Taiwan chip titan cites 5G launches and COVID-fueled demand for strong outlook

TSMC says it is "not worried" about its high inventory levels as it expects demand for high-end chips to continue into next year and beyond. (Photo by Shinya Sawai)

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker and a key Apple supplier, expects a 30% jump in revenue this year thanks to pandemic-driven demand for digital solutions and aggressive 5G smartphone launches.

Revenue for the final quarter of 2020 could be between $12.4 billion and $12.7 billion, TSMC said on Thursday. That is higher than the market consensus and up around 20% on the year at the midpoint in dollar terms.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more