Reported 1 day ago
Taiwan Semiconductor Manufacturing Company (TSMC) reported a significant quarterly sales increase of 39%, generating NT$868.5 billion ($26.3 billion) and exceeding predictions. This surge strengthens optimism that spending on AI hardware will persist into 2025, supported by major tech firms continuing to enhance their datacenter capabilities. However, despite positive projections, investors remain cautious about potential market saturation and the geopolitical climate affecting TSMC's operations, especially its reliance on Apple. The forthcoming earnings report is anticipated to clarify the company's future outlook.
Source: YAHOO