Reported 2 days ago
Taiwan Semiconductor Manufacturing Company (TSMC) announced a remarkable 60% increase in quarterly profits, driven by high demand for chips in AI applications. Despite this growth, the company's future is clouded by U.S. President Trump's erratic trade policies and potential tariffs on semiconductors, contributing to a 20% drop in TSMC's stock this year. TSMC's net profit for the first quarter reached T$361.6 billion ($11.1 billion), surpassing analyst estimates, while the company plans significant investments in U.S. facilities.
Source: YAHOO