TSMC, Taiwan
Taiwan chipmaker TSMC forecasts higher-than-expected profit as AI demand grows
Taiwan’s TSMC, the world’s largest contract chipmaker, said Thursday that its full-year revenue for 2024 was expected to grow by nearly 30%, as demand for the chips used to power artificial intelligence soars.
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.
Taiwan chipmaker TSMC posts record sales, profit in July-September quarter
The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Company, has reported record sales and profit for the July-September quarter amid a surge in demand for AI chips.
TSMC profits jump 54% on back of AI chip boom
Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, has further raised its growth outlook on the back of an artificial intelligence boom and a broad-based recovery in other sectors,
TSMC Posts Record Profit as AI Boom Continues
The Taiwanese company guided for fourth-quarter revenue of US$26.1 billion to US$26.9 billion, with the gross profit margin expected between 57% and 59%.
TSMC Stock Jumps on AI-Fueled Earnings Surge
KEY TAKEAWAYS U.S.-listed Taiwan Semiconductor Manufacturing Co. shares are jumping 8% in premarket trading after the chipmaker posted a quarterly earnings surge and projected a buoyant outlook on the back of the artificial intelligence (AI) boom.
TSMC Raises Revenue Outlook, Suggesting Strong AI Demand
Taiwan Semiconductor Manufacturing Co. boosted its target for 2024 revenue growth after quarterly results beat estimates, as the chipmaker now expects sales to climb roughly 30% in US dollar terms this year,
TSMC beats forecasts with 54% surge in profits on soaring AI demand
Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
TSMC bullish on outlook as AI boom blows Q3 profit past forecasts
TSMC, the world's largest contract chipmaker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in artificial intelligence (AI).
TSMC Profit Beats Estimates Amid AI Chip Boom
TSMC posted a better-than-projected 54% rise in quarterly earnings. The company reported September-quarter net profit of NT$325.3 billion ($10.1 billion), versus an average estimate for NT$299.3 billion.
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
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 ...
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Taiwan Semiconductor (TSM) stock leaps on bullish Q4 2024 outlook
Taiwan Semiconductor blasted past its financial expectations for Q3 and is adjusting its Q4 outlook accordingly.
Nvidia’s stock tracks toward record as TSMC sees AI chip market still booming
All members of the PHLX Semiconductor Index were in positive territory Thursday as TSMC offered upbeat commentary on the ...
Taiwan's TSMC Says Net Profit Rose 54.2% In Third Quarter
Taiwanese chip giant TSMC announced Thursday a bigger-than-expected increase in net profit for the third quarter of 2024.
TSMC Plans More Chip Plants in Europe, Taiwan Official Says
Taiwan Semiconductor Manufacturing Co. is planning more plants in Europe with a focus on the market for artificial ...
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 ...
Taiwan's TSMC Says Full-year Revenue Forecast To Grow Nearly 30%
Taiwan's TSMC said Thursday that its full-year revenue was forecast to grow nearly 30 percent, after the world's biggest chipmaker recorded a better-than-expected performance in the third quarter.
US chip stocks rise as TSMC’s strong AI chip forecast boosts investor optimism
US chip stocks rise following TSMC's strong AI chip sales forecast, with Nvidia, AMD, and others benefiting from renewed ...