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TSMC stock rallies on upbeat Q3 earnings fueled by strong AI chip demand
"Robust AI-related demand" led to strong Q3 earnings for the Taiwanese chipmaker that is building out a huge complex in Phoenix.
Chip Stocks Rally as TSMC Earnings Point To Strong AI Demand
Key Takeaways Chip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm. Better-than-expected quarterly results and a rosy financial outlook powered its shares higher,
TSMC Stock Gains on Earnings Beat. AI Chip Demand Is Surging.
It’s a sign of strong demand for artificial-intelligence chips. Taiwan Semi, or TSMC, said revenue in U.S. dollars in the third quarter jumped 36% from a year earlier to $23.5 billion. Net profit rose 54% on the year to the equivalent of $10.
11h
on MSN
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and ...
7h
on MSN
TSMC to start commercial semiconductor production in Phoenix earlier than thought
TSMC will start producing semiconductors at its Phoenix plant near the start of 2025, earlier than anticipated, and the ...
1h
Leading chip maker TSMC reports surging demand, plans for global expansion
Longer-term, TSMC is pursuing a rapid international expansion. It’s planning more plants in Europe with a focus on the market ...
2d
TSMC jump starts housing, business development in north Phoenix
In three and a half years, the 10 miles around Taiwan Semiconductor Manufacturing Co. in Phoenix saw the equivalent of eight ...
devdiscourse
9h
TSMC's Record Profit and Ambitious Expansion Plans Highlight AI Surge
TSMC, the world's largest contract chipmaker, reported a 54% increase in quarterly profit driven by high demand for AI chips.
1d
TSMC set to report strong profit driven by AI boom
Taiwan Semiconductor Manufacturing Co , the dominant producer of advanced chips used in artificial intelligence applications, ...
TweakTown
9d
AMD should be TSMC's next huge customer for Arizona: HPC AI chips made in the USA in 2025
AMD is reportedly set to make its next-gen, high-perf chips at TSMC's new fab in Arizona, making it the second big client for ...
devdiscourse
9h
TSMC Shatters Profit Expectations, Captures AI Demand Surge
Taiwan Semiconductor Manufacturing Co (TSMC) reported a record 54% rise in quarterly profit driven by a surge in demand for ...
Digi Times
8d
AMD set to become second largest client of TSMC's US fab; hinted at one year ago
TSMC's Fab 21 in Arizona has not yet fully commenced its first phase of mass production, but it is already producing Apple's ...
ABC15 Arizona
1d
TSMC trains apprentices for careers in microchip production
As a flood of big tech investment works to advance Arizona, the company behind a new multibillion dollar plant in North Phoenix is training apprentices in semiconductor manufacturing.
1d
TSMC is making chips for Apple in the U.S.
Taiwan Semiconductor Manufacturing Company (TSM) has reportedly started making its first chips for a major customer at its ...
Peoriatimes
15h
Amkor, TSMC to expand partnership
Amkor Technology, and Taiwan Semiconduction (TSMC) recently announced that the two companies have signed a memorandum of ...
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