Taiwan's TSMC lifts 2016 revenue forecast after third-quarter surge; analysts see iPhone 7 boost



Taiwan Semiconductor Manufacturing Co (TSMC) raised its forecast for 2016 revenue after setting new profit and sales records in the third quarter, as analysts said it was riding high on supplying parts for Apple Inc's new iPhone 7.
The world's largest contract chipmaker's bullish forecast comes as anticipation has intensified about how the iPhone 7, launched in early September, has been selling in the wake of Samsung Electronics Co scrapping its Galaxy Note 7 smartphone in what could be one of the costliest product safety failures in tech history.
TSMC, which doesn't disclose details of... read more

 
13 October 2016 in Science &Technology, Views: 35
Source: Reuters
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