TSMC Scores In Q1 Thanks To Apple, Samsung

Taiwan Semiconductor Manufacturing Co Ltd's TSM first-quarter FY22 revenue jumped 36% to NT$491.1 billion ($17 billion).
Higher demand for smartphones, computers, and car chips and the ongoing semiconductor crisis helped boost prices, Bloomberg reports.
TSMC kept production running in China, even as many other factories struggled to cope with the local pandemic policy.
Also Read: Intel CEO Looks To Meet TSMC On His Asia Visit To Meet Customers, Suppliers
Meanwhile, the wait times for semiconductor delivery extended again in March due to China's Covid lockdowns and a Japan earthquake.
TSMC did not look to revise its sales and capital spending forecasts for 2022.
Demand for mobile phones, smart televisions, and other gadgets from Apple Inc AAPL and Samsung Electronics Co Ltd SSNLF remained robust despite consumers in major markets in Europe, and the U.S. resumed their offices.
Price Action: TSM shares are trading higher by 0.33% at $100.85 premarket on the last check Friday.