After Foxconn reported a “storming demand” on iPhone 14 Pro production, TSMC is another manufacturer to benefit from the new iPhones as it revealed a higher-than-expected quarterly revenue. This comes at a time when the rest o the industry expects a slowdown.
TSMC, the largest contract chipmaker, rose 48% to about $19.4 billion in the third quarter, according to Bloomberg’s calculations while other manufacturers warned that they are facing “a tougher market as inventories build up and orders are being cut by data center and consumer tech clients.”
