50 Stocks Portfolio member TSM reports record quarterly revenue on 5G iPhone demand

50 Stocks Portfolio member TSM reports record quarterly revenue on 5G iPhone demand

Today, January 8, Taiwan Semiconductor Manufacturing (TSM), the worlds largest contract chipmaker, reported December sales that translate into record quarterly revenue with estimated sales in the quarter climbing to $12.9 billion (361.5 NT$). (The company reports its quarter on January 14.) The projections based on December revenue amount to a 25% increase in revenue in 2020 from 2019.