TSMC Reports Solid Earnings Boost Amid Surging AI Demand

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Taiwan Semiconductor Manufacturing Company (TSMC), the world's premier foundry for semiconductor outsourcing, forecasts a prosperous start to the year with an estimated 5% year-over-year increase in net profits for the first quarter. The expectation of a robust financial performance is bolstered by a burgeoning demand for artificial intelligence (AI) chips, a market in which TSMC has a growing presence.

elblog.pl/, Apr. 16, 2024 – 

According to aggregated predictions from 22 analysts at market information firm LSEG, TSMC is on track to hit a net income of roughly 9.3 trillion won for the period. This would mark a significant rise from the 2 trillion won earned in the same quarter of the previous year. The company's financial surge is attributed to its strong ties with tech giants like Apple and Nvidia – key players in the AI chip sphere.

Additionally, TSMC has already announced a noteworthy 16.5% increase in revenue over the last quarter, amounting to approximately 25.4 trillion won. This figure dwarfed market expectations and highlights the company's impressive trajectory.

Beyond balance sheets, Erica Yao, Vice President at Taiwan's Eastspring Securities, which manages client assets worth almost 3.9 trillion won, emphasized the strategic importance of TSMC's upcoming facility in Arizona. The site, bolstered by a 9.2 trillion won grant from the United States, is expected to further cement TSMC's leadership in advanced chipmaking processes.

Simultaneously, TSMC's stock has shown exceptional growth, increasing by 36% since the beginning of the year, thanks to the AI industry's momentum. This uptick noticeably surpasses the 14% growth seen across other listed companies in Taiwan. With these financial tides, TSMC positions itself as not just a market leader, but also a benchmark for success in the cutting-edge race of AI technology. The official earnings report is scheduled for release on April 18th, and industry experts are on the lookout for what promises to be a testament to TSMC's pioneering role in tech innovation.

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