https://wccftech.com/tsmc-revenue-forecast-beats-analyst-expectations-on-strong-iphone-demand/

TSMC (TPE:2330), the world's largest contract semiconductor manufacturer, is projecting revenue ahead of analysts' expectations on the back of strong demand for the new iPhone and a move away from the China supply chain.

The company reported Thursday that third-quarter revenue increased 10.7% year-over-year, and 21.3% from the previous quarter, coming in at $9.40 billion, while the firm posted a net income of $3.3 billion, a rise of 13.5%.