Despite headwinds, TSMC has a very busy year ahead
Despite the weak global economy, TSMC says that it expects demand to remain strong for semiconductors employed in data centers used to host online activity. Some analysts see the stronger than expected revenue continuing during the second half of this year for Asian foundries including TSMC and SMIC; the latter is China’s largest foundry. The expected strength is based on what analysts see as higher than normal demand for devices used for video conferencing.
Shares of TSMC (trading as TSM on the New York Stock Exchange) set an all-time high on Friday at $64.56 before finishing the week at $63.85.