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TSMC Could Hit Record Profit Levels Thanks to Apple A12 Chip for Next-Gen iPhones

TSMC Could Hit Record Profit Levels Thanks to Apple A12 Chip for Next-Gen iPhones

Apple’s key processor supplier, TSMC is expecting record products in the next year, driven by production of the A12 chip, set to power Apple’s next-generation 2018 iPhone models.

Digitimes:

Taiwan Semiconductor Manufacturing Company (TSMC) is likely to score record profits for 2018 as the company will be gradually ramping up volume production of 7nm process in the second half of the year to fulfill lucrative orders from Apple for fabricating A12 application processors for its 2018 new iPhone models and from Quacomm for processing its new-generation smartphone chips, according to industry sources.

Digitimes’ sources tell them that TSMC will see its revenue ratio forĀ advanced 7nm process hit a high of 20% in 2018. That could lead to the company posting better-than-projected revenues and profits for the second half of the year. It could register annual revenue growth of over 10%.

All of this is despite that TSMC has lowered its revenue growth forecast for 2018 to 10% from an earlier estimate of 10-15%. The company cited weaker-than-expected smartphone demand and growing uncertainty about the cryptocurrency mining market.