Reported about 5 hours ago
TSMC has announced a record quarterly profit of NT$374.68 billion, up 57% from the previous year, driven by increased demand for AI chips. The company expects further substantial revenue growth of around 37% in the upcoming quarter, amid challenges from U.S. export restrictions on technology to China. TSMC is also increasing its capital spending to build new facilities globally, while maintaining a positive forecast for the AI market.
Source: YAHOO