TSMC Outlook Beats Estimates as AI Demand Helps Propel Business
Yahoo Finance - 2024-04-18T06:24:19.000Z

(Bloomberg) -- 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.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainElon Wants His Money BackSingapore Loses ‘World’s Best

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TSMC beats first-quarter revenue and profit expectations on strong AI chip demand

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