Taiwanese chipmaker lifts full-year forecast and shrugs off hostile comments by Donald Trump
Taiwan Semiconductor Manufacturing Company said red-hot AI demand is boosting growth and causing capacity bottlenecks well beyond next year, raising hopes of a prolonged AI boom even as the industry is hit by fears about new export controls. The world’s largest chipmaker on Thursday raised its full-year forecast to slightly over 25 per cent revenue growth in US dollar terms from its previous guidance of 20-25 per cent.
shares closed 2.4 per cent lower in Taipei on Thursday, dragging down the Taiex benchmark index by 1 per cent. The chipmaker’s management shook off questions about potential risks from US policy. “We have not changed any of our original plans regarding the expansion of overseas fabs,” said CC Wei, chair and chief executive officer. The company has committed to investing US$65bn in Arizona to build three fabrication plants and bring its most advanced process technology to the US in 2028.
also lifted its capital expenditure budget to between US$30bn and US$32bn, the higher end of its earlier forecast, citing efforts to meet strong AI demand.
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.
Melania Trump shares statement after Donald Trump shooting — read hereThe former POTUS was shot at during a campaign rally in Pennsylvania
Read more »
Could Barron Trump be his dad's secret weapon in the 2024 election?Republican presidential candidate Donald Trump introduced his youngest son Barron Trump at a rally in Florida.
Read more »
Melania Trump breaks silence after attempted assassination of husband Donald at rallyMelania Trump has broken her silence after the attempted assassination of Donald Trump.
Read more »
TSMC boss predicts AI chip shortage through 2025, says Trump comments don't change his strategyOverseas expansion to continue, insists C.C. Wei
Read more »
Donald Trump has finally got it right about the January 6th insurrectionistsThey were “warriors”—that’s the problem
Read more »
Donald Trump promises to cut taxes and regulations in pitch to top US CEOsFormer president tries to sell populist pledges to Wall Street titans at Business Roundtable event in Washington
Read more »