TSMC posts record profits and outlines big hopes for the futureWhat you need to know
TSMC produces the A-series and M-series chips that power iPhones, iPads, and Macs.
The Taiwanese chip company has posted record quarterly profits.
Expectations are high that TSMC will benefit from huge chip demand in the next few years.
TSMC expects a "multi-year industry megatrend" to stand it in good stead moving forward.
TSMC, the company that produces Apple's A-series and M-series chips for iPhones, iPads, and Macs, has posted record profits for the most recent quarter as well as impressive growth. The company also touted plans to pump huge sums of money back into its business.
Following the news that TSMC posted record quarterly profits the company said that it intends to spend at least a third more this year than it did last — last year saw the company spend $30 billion according to a Reuters report.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , a major Apple Inc (AAPL.O) supplier that also has customers such as Qualcomm Inc (QCOM.O), post...
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TSMC posts record profits and outlines big hopes for the future
