Taiwan Semiconductor Manufacturing Co. Ltd. ADR (TSM)
U.S. chip stocks rally as TSMC's AI-backed outlook impresses investors
U.S. chip stocks rose before the bell on Thursday after industry bellwether TSMC's strong sales forecast fanned investor optimism about demand for processors used to power artificial intelligence applications.
TSMC rides AI boom into impressive gross margin beat
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 54.2% increase in net profit in its third quarter, reaching NT$325.26 billion (US$10.1 billion). The chipmaking giant's revenue rose by 36% year-on-year, totalling US$23.5 billion, driven by strong demand for artificial intelligence processors.
TSMC Raises Revenue Outlook, Suggesting Strong AI Demand
Taiwan Semiconductor Manufacturing Co. boosted its target for 2024 revenue growth after quarterly results beat estimates, as the chipmaker now expects sales to climb roughly 30% in US dollar terms this year, up from previous projections for about a mid-20% rise. Tom Mackenzie reports on Bloomberg Television.
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and the U.S.
AMERICAS TSMC steadies chip ship, ECB set to ease
A look at the day ahead in U.S. and global markets from Mike Dolan
Taiwan Semiconductor Manufacturing Co Ltd (TSM) Q3 2024 Earnings Conference Call Transcript
Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM ) Q3 2024 Earnings Conference Call October 17, 2024 2:00 AM ET Company Participants Jeff Su - Director, IR Wendell Huang - SVP, Finance & CFO C. C. Wei - Vice Chairman & CEO Conference Call Participants Gokul Hariharan - JPMorgan Chase & Co. Sunny Lin - UBS Charlie Chan - Morgan Stanley Bruce Lu - Goldman Sachs Group Brett Simpson - Arete Research Krish Sankar - TD Cowen Laura Chen - Citigroup Rick Hsu - Daiwa Jeff Su Good afternoon, everyone, and welcome to TSMC's Third Quarter 2024 Earnings Conference Call.
TSMC CEO says AI is not in a bubble and its growth is for real
the chief executive of contract manufacturer Taiwan Semiconductor Manufacturing Co. says the artificial intelligence revolution is for real.
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
Taiwan Semiconductor Manufacturing Company just reported a 54% rise in third-quarter net profit. TSMC's growth was driven by strong demand for artificial intelligence technology.
TSMC beats forecasts with 54% surge in profits on soaring AI demand
Taiwan Semiconductor Manufacturing Co said its sales were boosted by strong demand from smartphone makers and artificial intelligence firms
TSMC Q3 earnings beat forecast with AI chip demand driving growth
Taiwan Semiconductor Manufacturing Co. (TSMC), a key supplier to Nvidia and Apple, posted a 54% increase in Q3 net profit, surpassing expectations as surging demand for artificial intelligence (AI) chips offset weakness in the mobile industry. The chip giant reported net profit for the September quarter of NT$325.3 billion ($10.
TSMC third-quarter profit beats expectations as AI boom drives 54% hike
TSMC, the world's largest producer of advanced chips, posted a 54% hike in third-quarter profit.
TSMC Earnings: Profit Beats Estimates Amid AI Chip Boom
TSMC posted a better-than-projected 54% rise in quarterly earnings. The company reported September-quarter net profit of NT$325.3 billion ($10.1 billion), versus an average estimate for NT$299.3 billion.
