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TSMC forecast to post 24% revenue growth in 2021, says IC Insights

www.digitimes.com, Sept. 15, 2021 – 

TSMC is forecast to see its revenue in the second half of this year grow 14% from the level in the first half, with revenue for all of 2021 set to represent a 24% on-year surge, according to IC Insights.

IC Insights released recently its compilation of third-quarter sales growth expectations for the top-25 semiconductor suppliers. For the third quarter of this year (ending in September), sales growth outlooks for the top-25 suppliers range from 16th-ranked Sony's 34% increase at the high end, to Intel's 3% decline on the low end.

In the second quarter of 2021, TSMC was the third-largest semiconductor company in terms of sales and the largest semiconductor foundry in the world. It is the go-to manufacturer for ICs based on leading-edge 7/5nm process technologies, which are in high demand and collectively accounted for about half of TSMC's second-quarter revenue, IC Insights said.

TSMC expects its third-quarter sales to climb 11% sequentially. IC Insights forecast the foundry's sales will rise another 4% in the fourth quarter.

Meanwhile, in advance of an expected surge in demand for 5G smartphones during the upcoming holiday season, both Qualcomm and Apple are poised to enjoy over 10% increases in their third-quarter semiconductor sales, IC Insights said.

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