TSMC results
TSMCa major chipmaker for Nvidia and Apple, achieved a quarterly profit of USD 325.3 billion. Taiwanese ($10.1 billion). Meanwhile, the average analyst forecast was USD 299.9 billion. Taiwanese.
TSMC shares they have increased by over 70% since the beginning of the year, surpassing many Asian big tech companies. This was possible primarily due to the inflated expectations of investors regarding the prospects for the global development of the AI business, which requires advanced semiconductors. It was true because TSMC in July, on the back of higher sales, it raised its revenue forecasts for 2024. This further increased market expectations for continued infrastructure spending artificial intelligence and further investment from companies such as Microsoft Whether Amazon.
Development of artificial intelligence
However, investors will still be watching the market, especially after the main supplier of semiconductor production machines – the Netherlands ASML Holding – reported only half of the orders previously estimated by analysts. The company explains this state of affairs by the poor situation in the automotive, mobile devices and computer industries, while the development of artificial intelligence has good prospects – said the representatives. ASML.
Previously, some investors were concerned about the constant and sustainable level of global spending on AI. The capabilities of companies such as Meta Whether Alphabet to continue spending on semiconductors and data centers, while lacking some iconic AI application that would allow them to make money.
Good prospects for TSMC
The short- and medium-term revenue outlook for TSMC remains stable despite a potential slowdown in global semiconductor manufacturing equipment capacity. It’s mainly about the one mentioned earlier ASMLwhich recorded a quarterly result lower than expected by half.
High demand for semiconductors from TSMC in 2 and 3 nm technology Nvidia, AMD, Apple and Qualcomm allows the Taiwanese giant to sleep soundly.
Additionally, Taiwan’s largest company is undertaking international expansion, according to Taiwanese sources from Bloomberg. The company plans to build further factories in Europe, which are to be nodes in the global production chain related to artificial intelligence. In addition, the company is already leading construction works of plants in Japan, Arizona in the USA and Germany.
