TSMC results show AI chip demand remains high

03:57am, Thursday, 18'th Jul 2024
Taiwan Semiconductor Manufacturing Company, the global leader in microchip manufacturing, increased its revenues by more than 40% year on year in the second quarter. According to a trading update publ
Surging demand for advanced chips used in AI applications has boosted TSMC's Taiwan-listed shares by nearly 70% so far this year. "The demand for generative AI is surging in the cloud and at the edge.

TSMC Q2 profit rises 36%, better than forecast

01:42am, Thursday, 18'th Jul 2024
Taiwanese chipmaker TSMC posted a 36% rise in second-quarter net profit on Thursday that beat market expectations as it rides a surge in demand for semiconductors used in artificial intelligence appli
Taiwan Semiconductor Manufacturing Co , the dominant producer of advanced chips used in artificial intelligence (AI) applications, is expected to report a 30% jump in second-quarter profit on Thursday
The tech-heavy Nasdaq Composite (^IXIC) continues to slide as semiconductor stocks takes a hit from potential plans from the Biden administration to impose stricter restrictions around AI chip exports

Why TSMC is dominating in the semi space

03:12pm, Wednesday, 17'th Jul 2024
CNBC's Seema Mody with Wedbush's Matt Bryson, joins 'Power Lunch' to discuss the semiconductor chip smackdown.
Share prices in major semiconductor companies are down across the board in premarket trading this morning. That includes shares in Taiwan Semiconductor Manufacturing Company (TSMC), which fabricates t
Wall Street thinks rising demand for artificial-intelligence chips will boost Taiwan Semiconductor Manufacturing.
Taiwan Semiconductor Manufacturing Co. Ltd. TSM is announcing its second-quarter earnings on Thursday.
The world's largest computer chipmaker, Taiwan Semi (NYSE: TSM ), is one of the top trending stocks today, and TSM stock is retreating 6.6% in early trading. Former President Donald Trump, who recentl
Taiwan Semiconductor published impressive results as the semiconductor industry entered a cyclical rebound phase. Taiwan Semi manufactures microchips for several of the largest semiconductor and techn
Donald Trump has said that Taiwan should pay the U.S. for defense. He also claimed Taiwan had taken "about 100%" of America's chip business, according to a Bloomberg report.
Taiwan Semiconductor is a key partner for many big tech companies. Management is guiding for 15% to 20% annualized revenue growth over the next several years.
TSMC shares fell Wednesday, weighing on other chip stocks like Nvidia and AMD.
The U.S. Commerce Department said on Wednesday it planned to award Taiwan's GlobalWafers up to $400 million in government grants to significantly increase production of silicon wafers.
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