Share Prices Surge for iPhone Chip Maker TSMC Following Record Profits

by

tsmc_logo_newShares in Taiwan Semiconductor Manufacturing Company (TSMC) have climbed to their highest level on record, bucking a global slowdown in the smartphone market.

Bloomberg reports that TSMC's profits are attracting investors as demand for Apple's new iPhones fuels orders for its A10 processor on the back of a broader rally in technology companies over this year.

The world’s largest contract chipmaker has surged 32 percent, and the $156 billion company now accounts for 16 percent of Taiwan's entire equity market value, which is said to be the biggest proportion according to data stretching back 13 years.

Analysts are said to be unanimous in their recommendation that investors keep hold of their TSMC shares, and with Samsung Electronics faltering after discontinuing the Galaxy Note 7, market watchers predict the stock has room to rise further.

"Samsung's issues and the perceived benefit for Apple is surely creating some optimism," said Sandy Mehta, chief executive officer of Value Investment. "TSMC is the best in class. Valuations are not very high for TSMC, and rising estimates have led to investor optimism. The shares could still have upside."

Analysts predict the company's net income will increase 30 percent this quarter, according to data compiled by Bloomberg. Profit reportedly climbed 28 percent in the previous three months to $3.1 billion from a year earlier.

TSMC has reportedly secured exclusive orders for the A11 processor expected to power Apple's 2017 "iPhone 8". A TSMC spokesperson told Bloomberg the company will "soon" start mass production of chips using 10-nanometer processors, which will be used to build the A11 chip.

Readers interested in how TSMC won exclusivity with Apple for the A10 chip in the iPhone 7 can read MacRumors' article on the story here.

Tags: TSMC, A11 chip

Top Rated Comments

Sunny1990 Avatar
53 months ago
Good chip wins

Attachment Image
Score: 4 Votes (Like | Disagree)
djcerla Avatar
53 months ago

Hardly! Already forgotten. Time to move on.

That was the joke ;)
Score: 3 Votes (Like | Disagree)
BvizioN Avatar
53 months ago

That user hostile and stupid headphones jack move really sinked the iPhone!

Hardly! Already forgotten. Time to move on.
Score: 2 Votes (Like | Disagree)
Keane16 Avatar
53 months ago

Maybe they can use some of their profits to buy a new company logo... Something less Chernobyl-ish?

I came prepared this time.

Don't think they need to. They're not a consumer brand, like Coca-Cola, that need strong branding to stand out in a sea of competitors. The companies that use/need a company like TSMC already know who they are, the branding isn't of high importance.

Score: 1 Votes (Like | Disagree)
Sasparilla Avatar
53 months ago
Apple still doesn't have stock of 7+'s in the U.S. (overall) and its into November now. Seems like sales are doing alright. Same situation for the series 2 watches.

http://www.istocknow.com/live/
Score: 1 Votes (Like | Disagree)

Top Stories

windows 10

Developer Successfully Virtualizes Windows for Arm on M1 Mac

Friday November 27, 2020 7:16 am PST by
Developer Alexander Graf has successfully virtualized the Arm version of Windows on an M1 Mac, proving that the M1 chip is capable of running Microsoft's operating system (via The 8-Bit). Currently, Macs with the M1 chip do not support Windows and there is no Boot Camp feature as there is on Intel Macs, but support for Windows is a feature that many users would like to see. Using the...
iPhone black friday 20 sale feature

Apple Black Friday 2020: Best iPhone Deals

Friday November 27, 2020 12:56 pm PST by
Black Friday is halfway done, but there are still a few deals to shop for on iPhones at carriers like AT&T, Verizon, and T-Mobile/Sprint. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running. AT&T Starting with AT&T, you'll find up to $700 off any iPhone 12 when...
AirPods Pro black friday 20 sale feature 2

Black Friday 2020: AirPods Pro Reach Lowest Price Ever [Updated]

Wednesday November 25, 2020 3:22 pm PST by
Black Friday has kicked off this week, and one of the first major sales for the AirPods Pro is available right now on Walmart. You can find this deal below, along with a few other solid discounts on the regular AirPods. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site...
Apple Watc black friday 20 sale feature

Apple Black Friday 2020: Best Apple Watch Deals [Updated]

Wednesday November 25, 2020 4:01 pm PST by
Black Friday sales have begun on a variety of products, including the Apple Watch. There are quite a few deals across the Apple Watch lineup this year, including one of the lowest price we've ever seen the Apple Watch Series 3. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the...
iphone trade in store

UK Environmental Committee Says Apple Contributing to 'Throwaway Culture' of 'Short-Lived Products'

Thursday November 26, 2020 7:07 am PST by
Technology companies like Apple are contributing to e-waste by making their products difficult to repair, and charging expensive repair fees, according to a lengthy report published today by the UK Parliament's Environmental Audit Committee. "We were told that Apple glues and solders parts together on their laptops, which makes repairing them very difficult," the Committee wrote in a summary ...
MacBooks black friday

Apple Black Friday 2020: Best Mac and MacBook Deals

Thursday November 26, 2020 8:29 pm PST by
For Black Friday 2020, many retailers have solid deals on a variety of Macs. Apple's new M1 Macs are ones everyone wants right now, but because they're so new, deals on them are fairly sparse, although we are seeing some modest discounts. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps...
Top Stories 38 Feature

Top Stories: Black Friday Deals, Redesigned MacBooks, Hands-On With Apple's M1 Macs

Saturday November 28, 2020 6:00 am PST by
With Apple's holiday hardware lineup seemingly all set, attention this week turned to the shopping end of things with Apple and other retailers rolling out their Black Friday deals. That wasn't the only news this week, however, as we've continued to learn more about Apple's new M1-based Macs and we've even heard some fresh rumors about redesigned Mac notebooks coming next year, so read on...
General black friday 20 sale feature 2

Apple Black Friday 2020: Our Top Picks

Friday November 27, 2020 6:16 am PST by
Black Friday shopping has officially kicked off across the United States, and we've been collecting the best deals for Apple's iPads, Macs, AirPods, the HomePod, Apple Watch, and more in separate articles. In order to further streamline your Black Friday shopping this year, we've put together this quick list of our top picks of the overall best Apple-related bargains happening today. Note:...
mac mini macbook pro macbook air

Apple M1 Hands-On Comparison: MacBook Air vs. MacBook Pro vs. Mac Mini

Monday November 23, 2020 3:40 pm PST by
Apple's M1 Macs are out in the wild now, but ahead of the holidays, you might still be trying to figure out which one to pick up, either for yourself or as a gift for someone else. We've got all three of the new Macs available, so we thought we'd give MacRumors readers a hands-on overview of each machine in our latest YouTube video. Subscribe to the MacRumors YouTube channel for more videos. ...
General black friday 20 sale feature

Thanksgiving Day Deals Still Available on AirPods, M1 Macs, Apple Watch Series 6, iPads

Thursday November 26, 2020 10:21 am PST by
Black Friday deals seem to start earlier and earlier every year, so there were already a wide variety of discounts available for Apple products on Thanksgiving Day. Many of the deals remain available even after Thanksgiving, but act fast, as inventory quickly fluctuates. Thanksgiving Day Deals on Apple Products — Still Available:AirPods with a wireless charging case remain available for...