TSMC set to outpace semiconductor industry thanks to Apple chip orders

Apple chip partner TSMC will see growth in 2021 alongside the entire chip foundry industry, Counterpoint Research claims, with TSMC expected to keep outperforming the industry average with growth between 13% and 16%.In its examination of the semiconductor industry sector, Counterpoint analysts reckon the entire market delivered 'above-expectation revenue' in 2020, which it believes will continue into 2021. In its predictions for the year ahead, the firm is especially positive on TSMC and Apple's chip strategy.While the industry enjoyed a 23% year-on-year growth of revenue in 2020 to $82 billion, Counterpoint believes it will grow to $92 billion for 2021, an annual increase of 12%. For TSMC, its forecast 13% to 16% sales growth in 2021 will outpace the industry at large if it is met. Read more...