Reported 3 months ago
Taiwan's TSMC raised its full-year revenue forecast due to high demand for AI chips and rejected a US joint venture. The company posted a net profit above expectations and projected revenue growth for 2024. Despite stock pressure following Trump's comments on Taiwan's chip business and defense, TSMC plans to expand in the US, Japan, and Germany. With demand for smartphone and AI chips rising, the company expects tight capacity for leading-edge nodes.
Source: YAHOO