Taiwan Semiconductor reported a 40% revenue growth in May, which, although a decline from the previous month, was ahead of expectations. This revenue growth is noteworthy due to the geopolitical instability present in the month. Analysts predict that Taiwan Semiconductor will likely beat earnings when it reports on July 17th. Investors should take note, as Wall Street is raising expectations for AI chip spending. The company aims to increase its foundry market share to as much as 75% by 2026 during this anticipated growth in the AI sector.
Taiwan Semiconductor reported a revenue growth of 40%, surpassing expectations, despite facing significant geopolitical uncertainty in May.
The company's foundry share is projected to reach as high as 75% by 2026, aligning with an expected boom in AI chip spending.
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