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Taiwan’s Chip Giant TSMC Warns of Tight Supplies Into 2022
Taiwan chip manufacturer TSMC Thursday posted a 14% increase in net profit in the third quarter of the year, while warning it will continue to operate with tight capacity throughout 2022. The group, formally known as Taiwan Semiconductor Manufacturing Co, said that it is likely to exceed revenue forecast in the last quarter of the year, boosted by booming demand for semiconductors amid persistent, worldwide shortages. “We expect TSMC’s capacity to remain very tight in 2021 and throughout 2022,” Chief Executive Officer C.C. Wei was reported by Reuters as saying in a conference call.
