TSMC talks about the great moment the company is experiencing, among others, thanks to cryptocurrencies, which have contributed a significant increase in the volume of income.

Today we echo the good moment by TSMC thanks to the 10nm processors for the Apple iPhone X, which bring a large amount of income. In addition to this good moment for processors, TSMC is rising in another great wave, that of cryptocurrencies, since thanks to the mining of cryptocurrencies, the world's largest semiconductor company has registered an unprecedented third quarter. The company had in the third quarter revenues of 8.320 million dollars, which represents 17.9% compared to the previous quarter and 1.5% compared to the same quarter last year.

In an internal statement, it was highlighted that: 'The strength of our third quarter revenue was primarily driven by major mobile product launches and a generally healthy demand environment, including cryptocurrency mining. However, this strength of our third quarter revenue was partially offset by our clients 'ongoing inventory management.'

The large assemblers of graphics cards had already shown the good time they were going through thanks to the mining of cryptocurrencies, but it is particularly noteworthy that the silicon chip manufacturer speaks so openly and clearly about the good economic data thanks to this practice. NVIDIA and AMD have already shown their acceptance of cryptocurrency mining on several occasions. NVIDIA for its part had already helped several manufacturers to develop graphics cards only for cryptocurrency mining and we have already seen how AMD has launched two specific drivers for cryptocurrency mining, boosting mining performance by approximately 5%. of cryptocurrencies. In addition, we have also known that the industry forecast is for the trend to continue.