Reported 4 days ago
Taiwan Semiconductor Manufacturing Company (TSMC) announced a robust 42% surge in first-quarter revenue, reaching T$839.3 billion ($25.6 billion), slightly surpassing market estimates driven by the rise of artificial intelligence. Despite expectations of a lower revenue due to an earthquake impact, TSMC's growth benefited from a declining demand for consumer electronic chips post-pandemic. The company plans to release full Q1 earnings on April 17.
Source: YAHOO