Reported about 18 hours ago
Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong quarterly results and raised its revenue outlook, driven by significant demand for AI chips. Despite a flat performance in high-performance computing revenue, smartphone sales grew, contributing to an overall 41% increase in revenue. TSMC anticipates continued growth in AI chip demand, with projections for revenue growth towards mid-30% for the year. While the stock maintains a reasonable valuation given its growth potential, TSMC faces some operational cost challenges in the U.S. but remains a leader in semiconductor manufacturing.
Source: YAHOO