TSMC Q1 profit beats expectations on AI demand
), or TSMC, clocked a stronger-than-expected first-quarter profit on Wednesday as the world’s largest contract chipmaker benefited stronger demand on the back of artificial intelligence development.
TSMC’s net income rose to T$225.49 billion for the three months to March 31, higher than Reuters estimates of T$218.1 billion . The figure was also well above last year’s net income of T$206.99 billion. Diluted Q1 earnings per share were T$8.70 or $1.38 per American Depository Receipt, up from $1.31 last year.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple will use American-made chips from TSMC’s new Phoenix fabAMD and Nvidia will also be customers at TSMC’s Phoenix fab, which will start producing chips in 2024 and add a new site in 2026.
Read more »
Biden administration pledges $6.6 billion to TSMC; 3rd microchip plant planned for PhoenixThe Biden administration pledged on Monday to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the first time.
Read more »
TSMC's Arizona Subsidiary to Receive $6.6 Billion in U.S. Government FundingThe Biden administration has announced a preliminary agreement to provide up to $6.6 billion in funding to TSMC's Arizona subsidiary. The funding will support TSMC's investment in three fabrication plants in Phoenix and the manufacturing of advanced chips in the United States.
Read more »
U.S. offers TSMC up to $6.6 billion for Arizona factories as Biden pushes for chip securityTSMC is set to receive up to $6.6 billion in CHIPS Act funding to support its investment into three manufacturing sites in Arizona.
Read more »
Jim Cramer's quick takes on JPMorgan, Tesla, TSMC, Take-Two and FastlyJim Cramer shares his thoughts on five stocks outside the CNBC Investing Club portfolio.
Read more »
TSMC snags $6.6 billion in CHIPS Act funding to open three factories in ArizonaLawrence is a contributing reporter at Engadget, specializing in our AI overlords, musical doodads and, of course, garden variety gaming and tech. To that end, Lawrence once lost badly in multiplayer Mario to Nintendo’s own Shigeru Miyamoto, who laughed gleefully as he threw him down a pit.
Read more »