U.S.-China Troubles Could Still Damage the World’s Chip Foundry

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U.S.-China Troubles Could Still Damage the World’s Chip Foundry
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Heard on the Street: TSMC, a key supplier for Apple, AMD and Huawei, is very bullish, but geopolitical tensions are still a wild card

The world’s largest contract chip maker remains upbeat about the future, but it risks being caught up in the fight between the world’s two superpowers.

Taiwan Semiconductor Manufacturing Co. expects the semiconductor industry recovery to continue. It forecast revenue of $10.2 billion to $10.3 billion this quarter, the company said Thursday on its earnings call, a more than 40% increase from last year and higher than estimates from S&P Global Market Intelligence. For the full year, TSMC expects revenue to grow a few percentage...

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