TSMC, the world’s largest contract chipmaker, on Friday reported a surge in revenue in November thanks in part to orders of semiconductors for high-end smartphones such as Apple’s iPhone.

Dale Gai, semiconductor analyst at Counterpoint Research, told CNBC via email stated that “high-end smartphones” such as the A16 chip for Apple’s iPhone and the latest semiconductor from Qualcomm contributed to the “majority of its (TSMC’s) seasonal strength.”

The Taiwanese firm, which makes chips for other companies, said November revenue totaled 222.71 billion new Taiwan dollars ($7.27 billion), a 50.2% year-over-year rise.

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TSMC makes chips for a wide array of companies, including the latest semiconductors for Apple and Qualcomm as well as SoftBank-owned Arm. The company has bucked a slowdown in areas of the chip market in the face of rising prices, fears of a global recession and Covid disruptions in China.

Earlier this week, TSMC announced the opening of a second chip plant in Arizona, upping its investment in the state from $12 billion to $40 billion. Apple CEO Tim Cook also attended the event and said the iPhone maker would buy TSMC’s U.S.-made chips. For more, read the full CNBC report.

Apple silicon unlocks a new level of performance for our users. And soon, many of these chips can be stamped “Made in America.” The opening of TSMC's plant in Arizona marks a new era of advanced manufacturing in the U.S. — and we are proud to become the site’s largest customer. pic.twitter.com/rBoiEUwZaX

— Tim Cook (@tim_cook) December 6, 2022