“TSMC bucks broader chip slump with 50% revenue surge, helped by Apple iPhone orders”
December 9, 2022
“TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone.
The Taiwanese firm, which makes chips for other companies, said November revenue totaled 222.71 billion new Taiwan dollars ($7.27 billion), a 50.2% year-over-year rise…
The increase came despite a 3.3% decline in final demand energy costs. That was offset by an identical 3.3% increase in the food index. The trade index rose 0.7%, while transportation and warehousing fell 0.9%.
Excluding food, energy and trade services, PPI increased 0.3% from a month ago and was up 4.9% on an annual basis, the lowest since April 2021…”