December 14, 2022: -On Friday, TSMC, the world’s biggest contract chipmaker, reported a surge in revenue in November due to orders of semiconductors for high-end smartphones like Apple’s iPhone.

The Taiwanese company, which makes chips for other firms, said November revenue totalled 222.71 billion recent Taiwan dollars ($7.27 billion), a 50.2% yearly upgrade.

TSMC makes chips for many companies, including the latest semiconductors for Apple and Qualcomm and SoftBank-owned Arm. The company is bucking a slowdown in places of the chip area in the face of increasing prices, fears of a global slump and Covid disruptions in China.

The November earnings report puts TSMC on track to reach its previously stated fourth-quarter guidance of between $19.9 billion and $20.7 billion. In October and November, TSMC’s revenue totalled around $14.1 billion.

“TSMC’s Oct/Nov revenues are on track compared to what the management guided two months ago, despite significant business slowdowns in many other semi-names,” Dale Gai, semiconductor analyst at Counterpoint Research, stated via email.

Gai said “high-end smartphones” like the A16 chip for Apple’s iPhone and the recent semiconductor from Qualcomm contributed to the “majority of its seasonal strength.”

The analyst said some chips for famous high-performance computing also contributed to the robust set of numbers.

TSMC is arguably the world’s most crucial semiconductor manufacturer. It has a massive set of clients that depend on it for the highest cutting-edge chips.

It was also caught in the epicentre of the U.S.-China tech battle regarding the chips. The United States must cut China from critical scraps and tools while trying to restore semiconductor production.

This week, TSMC stated that the opening of a next chip plant in Arizona, upping its investment from $12 billion to $40 billion. President Joe Biden attended an event where the acquisition was stated, underscoring the critical role TSMC plays in the American semiconductor area.