Taiwan Semiconductor Manufacturing Company reported an 87.9 per cent quarter-on-quarter increase in revenue for the three months to June yesterday, underscoring the speed with which the technology sector has rebounded from its worst crisis in recent years.
TSMC, the world's biggest contract chipmaker, commands half of the contract chip market.
It is seen as a bellwether for the high tech industry because its chips go into products from computers to mobile phones to machinery for companies such as Qualcomm and Advanced Micro Devices.
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