TSMC profits surge driven by strong AI-related demand
Taiwan Semiconductor Manufacturing Co. (TSMC) reports a 54% increase in Q3 net profit. The company estimated its capital spending in the current quarte would more than double to around $11.5 billion and that the budget was likely to increase further next year, as it expects healthy demand for its products.
TSMC Earnings Boost Chip Stocks
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
European stocks (.STOXXE) pushed higher after a shaky week of disappointments from ASML and luxury goods maker LVMH (LVMH.PA) ...
U.S. stocks opened higher on Thursday as strong earnings from Taiwan Semiconductor Manufacturing Company helped boost chips ...
ASML slashed guidance on Tuesday, leading to a sell-off in chip stocks and raising the stakes for TSMC's upcoming earnings ...
Taiwan Semiconductor Manufacturing Co. raised its target for 2024 revenue growth after quarterly results beat estimates, ...
CC Wei, the chairman and chief executive of Taiwan Semiconductor, was asked by JPMorgan analyst Gokul Hariharan on a ...
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TSMC revenue up 36% as world+dog demands AI and smartphone chipsTaiwan's semiconductor giant TSMC has reported a good third quarter with revenue up 36 percent over a year ago, due to strong ...
The rebound in shares of Taiwan Semiconductor Manufacturing Co. to a fresh record faces a key test with its earnings report ...
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