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Taiwan's chipmaker TSMC reported a 58 per cent jump in profit on Thursday for the January-March quarter.
TSMC reported a record quarterly profit of $18.1 billion, exceeding analyst expectations.
KEY POINTS
- TSMC expects revenue to grow to as much as $40.2 billion in the April-June quarter.
- TSMC prepared safety stock of helium and other essentials to mitigate Iran war disruptions.
- TSMC's capital spending for the next three years will be significantly higher than the prior three years.
- TSMC now expects 2026 capital spending to be at the higher end of the $52-56 billion range.
COMPANIES
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