Taiwan Semiconductor (NYSE: TSM) Rally Live: Revenue Jumped 48%
Briefly

Taiwan Semiconductor Manufacturing Company (TSM) reported a robust revenue growth of 48% year-over-year for April, reaching 349.57 billion New Taiwan dollars. The surge is largely attributed to its role as a key supplier to major AI companies. Additionally, TSM is optimistic about a potential trade deal with China and expects to achieve mid-20% sales growth this year. Its second-quarter revenue projection stands between $28.4 billion and $29.2 billion, surpassing analyst expectations. The company anticipates revenue from AI-related servers and processors to double, highlighting AI's impact on the semiconductor market.
"For the second quarter, TSM expects to see revenue of $28.4 billion to $29.2 billion, with the midpoint above expectations."
"TSM expects to see mid-20% sales growth this year, and for revenue from AI-related servers and processors to double."
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