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Benzinga
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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