Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to report Q3 revenues of $23.096 billion, reflecting a 34% increase year-over-year, fueled by AI demand.
The 39.6% month-over-month growth in September sales, reaching $7.82 billion, indicates a robust demand for TSMC's advanced chips, affirming its Q3 success.
TSMC's stock has surged over 109% in the last year, highlighting strong investor confidence. The semiconductor firm benefits from significant capital inflow in Taiwan.
To meet rising global semiconductor demand, especially for AI, TSMC is investing over $65 billion in new plants in Arizona and considering extensions in Japan and Germany.
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