semiconductor / news / / Japan Today
Taiwan’s chipmaker TSMC reported a 58% jump in profit on Thursday for the January-March quarter.
TSMC reported a record Q1 2024 net profit of $18.1 billion, surpassing analyst expectations.
KEY POINTS
- The company is experiencing strong demand for advanced 3-nanometer semiconductors used in AI products.
- TSMC has prepared inventory of critical materials like helium to mitigate Iran war disruptions.
- Capital spending in 2026 is now expected to reach the higher end of $52-$56 billion.
- TSMC forecasts April-June quarter revenue between $39 billion and $40.2 billion, up from Q1.
COMPANIES
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