TSMC Expects Strong Growth in 2018 Thanks to High Performance Computing and Cryptocurrency
Taiwan Semiconductor Manufacturing reported solid fourth-quarter results, bolstered by chips for Apple’s iPhone X and Nvidia’s latest GPUs. While the firm’s top-line growth in 2017 was only 3.1% in New Taiwan dollars due to currency headwinds, revenue rose 9.1% in U.S. dollar terms thanks to chip demand for cryptocurrency and high-performance computing applications. Within TSMC’s communication segment, revenue fell modestly which we attribute to slowing smartphone growth stemming from greater sa...
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