TSM Stock Recent News

Taiwan Semiconductor Manufacturing Company on Thursday posted an increase in its profits for the first time in three quarters, as its sales were bolstered by surging demand for its cutting-edge chips on the back of the artificial intelligence boom.

TSMC beats Q1 forecasts with a 16.5% revenue jump to $18.87B, driven by strong AI chip demand.

Earnings at Taiwan Semiconductor Manufacturing are boosted by demand for chips to power artificial-intelligence technology.

Taiwanese chipmaking giant TSMC announced Thursday a nearly 9 percent increase in net profits in the first quarter of 2024.

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Today, one of this earnings season's most eagerly anticipated companies released their latest financial results. The Taiwan Semiconductor Manufacturing Company (TWSE: 2330, NYSE: TSM) reported its Q1 results for 2024 on April 18th, during the Taiwanese afternoon.

TSMC posted its first profit rise in a year. The main chipmaker to Apple and Nvidia recorded a 9% rise in net income to NT$225.5 billion ($7 billion) in the first three months of the year.

TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.

Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications.

Taiwan Semiconductor Manufacturing Co , , the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.