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Benzinga

Technology

Anusuya Lahiri

TSMC's Revenue From Leading Client Apple Sees Significant Rise

Apple TSM TSMC DigiTimes NYSE Pixaby Taiwan Semiconductor Manufacturing Co Ltd

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) saw a radical climb in the revenue from its leading customer, DigiTimes reports.
Revenue from TSMC's biggest client Apple Inc (NASDAQ:AAPL), will likely jump by 20% year-on-year to NT$405.4 billion ($14.3 billion) in 2021.
Apple's revenue jump could form ~26% of the foundry's total wafer revenue for the year.
The leading contract chipmaker reported a 16.4% revenue growth in the fourth quarter of FY21 thanks to the budding demand in chips for computers, smartphones, and automobile sectors.
Apple looks to launch its iPhone SE with A15 bionic processors and its new M1 ultra chips, which will power its new Mac desktop --Mac Studio-- with Studio Display and the latest version of the iPad Air.
Price Action: TSM shares traded lower by 0.80% at $103.13 in the market on the last check Friday.
Photo by Matias Cruz via Pixaby

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