Taiwan Semiconductor Manufacturing Co. reported a 39% rise in revenue for the June quarter, reaching NT$934 billion ($32 billion) due to rising sales from Nvidia and Apple. Investor confidence in AI-linked companies has resurrected, despite previous concerns over spending habits from major firms. TSMC's CEO confirmed ongoing demand for AI chips, predicting mid-20% sales growth in 2025, amid significant investments in manufacturing facilities. However, uncertainty surrounding global tariffs may impact future electronic demands and economic growth forecasts, leading to investor wariness regarding the market.
Taiwan Semiconductor Manufacturing Co. reported a revenue increase of 39% in the June quarter driven by strong sales to Nvidia and Apple, totaling NT$934 billion ($32 billion).
Nvidia reached a historic $4 trillion valuation, reflecting renewed investor enthusiasm for companies, like TSMC, critical for AI infrastructure, despite a previous downturn due to concerns about spending from firms like Meta and Google.
TSMC's CEO C.C. Wei indicated AI chip demand exceeds supply and projected a mid-20% sales growth in 2025, backed by a $100 billion investment for manufacturing enhancements.
Concerns over tariffs affecting the global economy and electronics sector lead to investor caution regarding the future demand for iPhones and computing related products.
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