TSMC Outlook Beats Estimates as AI Demand Helps Propel Business
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TSMC Outlook Beats Estimates as AI Demand Helps Propel Business
Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter, reflecting a boom in AI development that’s boosting demand for the advanced chips it makes for the likes of Nvidia Corp.
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TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.
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TSMC hikes revenue target on AI server demand
Taiwan Semiconductor Manufacturing Company issued an optimistic revenue target for the current quarter after reporting a near double-digit rise in net profit in the opening quarter of 2024, fuelled by brisk demand for chips supporting AI applications.