Economy · World
TSMC Reports Sixth Consecutive Record Quarterly Profit Driven by AI Chip Demand
Taiwan Semiconductor Manufacturing Company (TSMC) is projected to announce its sixth consecutive quarter of record profits, fueled by a significant increase in demand for artificial intelligence (AI) chips. Analysts anticipate a 65% rise in profit, with investors closely watching for updated guidance. The company is also proceeding with global manufacturing expansion plans, despite ongoing concerns about interest rates.
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- Centre (11 votes, 12 outlets): Business Today, CNBC, Channel News Asia, Euronews, Financial Times, Mint, Reuters, The Economic Times · The Times of India (Times Group — 1 vote), The Financial Express, The Globe and Mail, The Hindu BusinessLine