Latest / Breaking News To Trading Moves
TSMC heads for a fifth straight record profit as AI demand accelerates
Taiwan Semiconductor Manufacturing Company is expected to deliver a fifth consecutive quarter of record earnings as demand for artificial intelligence chips and advanced packaging remains strong.
Reuters reports that analysts expect second-quarter net profit to rise 59% year on year to $19.65 billion. Quarterly revenue has already increased 36% to a new record.
The result matters beyond $TSM. TSMC manufactures advanced chips for major technology companies, including its 3-nanometre and 2-nanometre processes and CoWoS packaging.
Investors will focus on whether management raises its full-year…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.