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The company has been benefiting from a strong appetite for new chips. As the global chip shortage is expected to continue for some time, that appetite should continue to grow. In fact, the company recently stated that its capacity is expected to remain tight through next year due to this demand.
As of the end of September, the company had $30.6 billion in cash compared with $4.3 billion in short-term debt. In the most recent quarter, net income was up 14.8% year over year. Analysts expect earnings to jump 14.4% in the current quarter.
