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Taiwanese companyThe Motley Fool
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81% Informative
Taiwan -based foundry Taiwan Semiconductor Manufacturing ( TSMC ) reported a 36% year-over-year increase in revenue to $23.5 billion .
Apple is reportedly the top customer of TSMC 's chips, accounting for 25% of the latter's top line.
TSMC now expects to finish 2024 with a 30% increase in annual revenue, up from its prior expectation of mid-20% growth.
Apple 's top line is expected to increase in the high single digits over the next couple of fiscal years .
Now may be a good time to buy shares of Apple before it goes on a further bull run.
The Motley Fool has issued “ Double Down’s alerts for three incredible companies.
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