Taiwan’s TSMC, the world’s largest chip maker, saw sales rise nearly 50 percent in July, helped by continued strong demand for semiconductors.
TSMC is the main chip supplier of iPhone maker Apple and a major customer of the Dutch chip machine manufacturer ASML.
Last month, turnover amounted to almost 187 billion Taiwan dollars, converting more than 6 billion euros. In recent days, several chip companies such as Nvidia and Micron Technology have warned of weaker demand, but TSMC does not seem to be bothered by that for the time being.
Taiwanese electronics company Foxconn also released quarterly figures. Foxconn, whose full name is Hon Hai Precision Industry, is Apple’s primary manufacturer of iPhones.
Profit rose by 12 percent in the second quarter to 1 billion euros. The group benefited from strong demand for its assembled smartphones and cloud products.