TSMC, the world’s largest semiconductor manufacturer, reported another quarter of record profits, booming sales, and high margins. On a July 14 earnings call, executives predicted the hot streak will last at least through the end of the year.That’s great news if you’re an investor betting TSMC’s stock price will go up. But the numbers spell trouble for the broader economy. TSMC’s financial report is the latest sign that the chip shortage and its inflationary impact will likely drag on for at least several more months.“[O]ur customers’ demand continues to exceed our ability to supply,” CEO C.C. Wei told investors. “We expect our capacity to remain tight throughout 2022.”Read the rest of this
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