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TSMC first-quarter profit tops estimates, rising 60%, but Trump trade policy threatens growth
- Taiwan Semiconductor Manufacturing Company reported a 60% increase in first-quarter profit, exceeding expectations and boosting the chip sector's outlook.
- TSMC maintained its annual sales forecast, indicating confidence in strong chip demand amid trade concerns.
- Concerns over Trump's tariffs on Chinese imports have affected chip companies, with Nvidia warning of a potential $5.5 billion earnings hit.
- Despite the challenging landscape, TSMC's performance has lifted the outlook for the entire chip sector, reversing recent declines in stock prices.
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75 Articles
Taiwan Semiconductor Beats Q1 Targets On Strong AI Chip Sales
Taiwan Semiconductor Manufacturing beat estimates for the first quarter thanks to strong demand for AI chips. TSM stock rose. The post Taiwan Semiconductor Beats Q1 Targets On Strong AI Chip Sales appeared first on Investor's Business Daily.
TSMC Shares Set to Climb After Q1 Net Profit and Earnings Jump 60% Amid US Chip Production Ramp
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) shares surged 4.71% in Thursday pre-market hours to hover around £119.92 ($158.81) per American Depositary Share as Q1 net profit and diluted earnings per share (EPS) increased by 60.3% and 60.4%, respectively. Trading volume during pre-market hours soared to 23.64 million shares versus a daily average of 18.50 million shares. According to an earnings release dated 17th April, net profit was £8.3…
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Total News Sources75
Leaning Left8Leaning Right10Center15Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 24%
C 46%
R 30%
Factuality
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