TSMC Raises Sales Outlook to Convey Confidence in Global AI Boom
Taiwan Semiconductor Manufacturing Co. hiked its projection for 2025 revenue growth to the mid-30% range, sending a strong signal of confidence in demand for components like Nvidia Corp. chips that power AI.TSMC also raised the lower end of its capital spending target for the year, after reporting a better-than-anticipated 39% jump in profit to NT$452.3 billion ($14.8 billion) in the September quarter. Taiwan’s largest company is now earmarking at least $40 billion for capacity expansion and upg...
Read more at bloomberg.com