TSMC Lowers Sales Outlook Due to Earthquake Impact Amid Ongoing AI Investments

Reported 1 day ago

TSMC has revised its first-quarter sales expectations to the lower end of its forecast following January's earthquakes, which resulted in NT$5.3 billion in losses. Despite this setback, TSMC maintains a gross profit margin forecast of 57% to 59%. The company continues to align its long-term growth with significant investments in AI from major players like Amazon and Microsoft, which could reach record capital expenditures of $42 billion this year.

Source: YAHOO

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