Reported 1 day ago
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 39% increase in revenue for the June quarter, driven by strong demand for AI chips from major clients like Nvidia and Apple. This growth exceeds analyst expectations and suggests a continued boom in AI investment. TSMC's CEO indicated that AI chip demand still surpasses supply, while the company plans to invest an additional $100 billion in expanding its manufacturing capabilities. However, concerns about trade impacts on the electronics sector linger as the global economy faces uncertainty.
Source: YAHOO