Reported about 17 hours ago
Taiwan Semiconductor Manufacturing Co. (TSMC) has raised its revenue growth forecast for 2025 to approximately 30%, bolstering investor confidence in the ongoing surge of global AI investments. This adjustment is seen as a positive indicator for tech companies, including Meta and Google, as they continue to increase spending on data centers essential for AI development. Despite potential concerns over tariffs and exchange rates, TSMC reported a remarkable 61% increase in net income for the last quarter, reinforcing expectations for strong AI chip demand.
Source: YAHOO