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TSMC revenue for 2020 to rise by 30% despite losing Huawei

www.gizmochina.com, Oct. 19, 2020 – 

TSMC (Taiwan Semiconductor Manufacturing Company) has just revealed that it is expecting a revenue rise of 30 percent in 2020. This financial projection arrives despite the company recently losing one of its major clients, Huawei.

According to a Nikkei report, the world's largest contract chipmaker is set to see a sizeable jump in revenue of 30 percent this year. A primary factor that led to such growth is the Coronavirus pandemic, which caused an immense growth in demand for digital solutions and smartphone OEMs aggressively pushing for 5G chips for their handset offerings.

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