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TSMC joins $1 trillion club
TSMC joins $1 trillion club as Q3 earnings spark chip sector rally
Another impressive round of earnings results from Taiwan Semiconductor Manufacturing Company sparked a broad chip stock rally Thursday morning. TSMC’s U.S. listed shares jumped more than 12%—pushing the company’s market capitalization above $1 trillion—as surging profits and booming AI demand have outweighed geopolitical concerns that hang heavily over the sector.
What the roller-coaster earnings at ASML and TSMC tell us about demand for AI chips
TSMC's blockbuster results will be a welcome surprise to investors after ASML's earnings sent semiconductor stocks tumbling earlier this week.
Chip Stocks Rally as TSMC Earnings Point To Strong AI Demand
Key Takeaways Chip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm. Better-than-expected quarterly results and a rosy financial outlook powered its shares higher,
1h
on MSN
TSMC says it is a law abiding company, after report of US probe
Taiwanese chipmaker TSMC said on Friday that it was a law abiding company and committed to complying with laws and ...
17h
on MSN
Chip giant TSMC reports blockbuster results even as questions over AI mania loom
The demand for AI "is real," said CC Wei, TSMC's chairman and CEO.
9h
on MSN
Chip stocks rally after TSMC's strong sales forecast calms growth worries
Two days after a broad semiconductor-stock sell-off driven by a light forecast from the Dutch firm ASML, chipmakers rallied ...
7h
on MSN
Nvidia hits record high as chip stocks rally on TSMC's rosy AI-powered outlook
(Reuters) -Shares of Nvidia hit a record high amid a rally in U.S. chip stocks on Thursday after industry bellwether TSMC's ...
5h
Leading chip maker TSMC reports surging demand, plans for global expansion
Longer-term, TSMC is pursuing a rapid international expansion. It’s planning more plants in Europe with a focus on the market ...
3h
TSMC shares jump on expectation-topping third-quarter results
The world’s largest contract chipmaker generated a net profit of 325.3 billion New Taiwan dollars, or $10.1 billion, in the ...
Sun City West Independent
3h
TSMC plans to begin production ahead of schedule
Taiwan Semiconductor Manufacturing Co. announced it expects it to begin volume production in the beginning of 2025. The ...
15h
on MSN
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 ...
1h
TSMC, IBM, and Samsung to present their next-gen CFET transistor innovations at an event in December
When you buy through links on our articles, Future and its syndication partners may earn a commission.
7h
NVIDIA taps all-time high as TSMC says AI demand is 'real' and has legs
AI giant NVIDIA (NASDAQ:NVDA) tapped a new all-time of $140.89 in intra-day trading Thursday following solid results from contract chipmaker Taiwan Semiconductor Manufacturing (NYSE:TSM), which counts ...
18h
on MSN
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 ...
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