The outlook from TSMC came as it posted record quarterly sales and forecasted record revenues for the current quarter - up by around 20 per cent - which have been boosted by a surge in global demand for semiconductors that power smartphones, laptops and cars.
During the April-June reporting period TSMC, the world's largest contract chipmaker, saw revenues climb 28% to a record $13.29 billion and it is forecasting revenue of $14.6 billion to $14.9 billion for the next quarter, compared with $12.1 billion in the same period a year earlier.
"Our second-quarter business was mainly driven by continued strength in high performance computing (HPC) and automotive-related demand," said Chief Financial Officer Wendell Huang.
"Moving into the third quarter, we expect our business to be supported by strong demand for our industry-leading 5 nanometre and 7 nanometre technologies, driven by all four growth platforms, which are smartphone, HPC, IoT and automotive-related applications."
Profits surged by over 11 per cent in the second quarter to almost $5bn.
These strong results come as the company plans a $100 billion expansion plan over the next three years that looks to address the needs of fifth-generation telecommunications (5G) technology and artificial intelligence applications, which are seen as driving global demand for advanced chips.
