TSMC sticks to sales growth outlook despite economic crisis, inflation

Taiwan Semiconductor Manufacturing It stuck with its strong revenue growth forecast for the current year despite economic troubles in its biggest markets including the US and China, saying demand remained solid for chips used in electric cars and high-performance computers happened.

The world’s largest contract chip maker expects revenue to grow about 30% this year in US dollar terms from 24.9% last year, officials said, which was in line with What did the company anticipate in April. This figure is higher than the expected 20% growth for the overall wafer manufacturing industry, he said at the company’s annual shareholder meeting on Wednesday.