Chip giant TSMC sees net profit rise 60.3% in March quarter

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Taiwanese chipmaking titan TSMC reported Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.

Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips that have become the lifeblood of the global economy, powering everything from smartphones to missiles.

Demand for chips has soared in recent years on demand for AI technology, but there are fears US President Donald Trump’s far-reaching tariffs…



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Chip giant TSMC sees net profit rise 60.3% in March quarter


Taiwanese chipmaking titan TSMC reported Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.

Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips that have become the lifeblood of the global economy, powering everything from smartphones to missiles.

Demand for chips has soared in recent years on demand for AI technology, but there are fears US President Donald Trump’s far-reaching tariffs…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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