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In a recent report from Reuters, Taiwan Semiconductor Manufacturing Co (TSMC) is expected to report a 5% rise in first-quarter profit. This growth can be attributed to strong demand for advanced chips used in artificial intelligence applications, a market that TSMC dominates. With customers like Apple and Nvidia, TSMC has been able to weather the tapering off of pandemic-led electronics demand and reach record-high stock prices.
At Extreme Investor Network, we delve deeper into the implications of TSMC’s success in the AI market. With the company set to report a net profit of T$218.1 billion for the first quarter, analysts are closely watching for updates on the company’s outlook for the current quarter and the rest of the year. Additionally, TSMC’s plans in the U.S. state of Arizona, where it is building a third factory after winning $6.6 billion in U.S. subsidies, are also of interest.
While TSMC leads the world in advanced chip manufacturing, competitors like Intel and Samsung are vying for a piece of the market. Intel’s recent disclosure of deepening operating losses in its foundry business highlights the fierce competition in the industry. However, TSMC’s expertise and focus on AI applications have driven up the price of shares, with a historic surge in stock prices this year.
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