The company known better as TSMC reached a market cap of more than $410 billion on Tuesday morning, according to Bloomberg. TSMC has paced or exceeded its peers by advancing the chip production process so processors run faster and on less power. In the second quarter, TSMC’s shipments of chips produced with the relatively advanced 7nm process accounted for 36% of its total semiconductor revenue. TSMC had announced last week a 28.9% year-on-year revenue gain in the second quarter, leaving it NT$310.7 billion ($10.6 billion) in consolidated revenue. From now through September, TSMC expects to see rising demand for 5G mobile gear and high-performance computing applications.

Source: Forbes July 28, 2020 10:30 UTC