TSMC bets on Apple iPhone

TSMC fab in Hsinchu - Wikimedia CommonsThe Taiwan Semiconductor Manufacturing Co (TSMC) has posted robust monthly results and that’s largely due to the success of Apple’s iPhone 6S machines.

TSMC ia a foundry that produces semiconductors based on designs from its customers and is responsible for making the microprocessors in the Apple iPhones.

While the rest of the semiconductor industry is languishing in the doldrums, TSMC turned in revenues 10 percent higher than the same month.

According to the Taipei Times, Morris Chang, the “father” of the semiconductor foundry business, said that net profits will increase at 10 percent year on year.

Earlier this year, TSMC said it would not spend as much on capital equipment as it had first anticipated – citing soft demand in the overall chip business.