TSMC, a Taiwanese chipmaker, is making significant investments in the US, with a $65 billion commitment, aiming to align its strategy with the needs of AI vendors like Nvidia. Despite this, the US is still missing key components in the AI chip puzzle. TSMC's first-quarter profit is expected to rise by 5% due to strong AI chip demand, with net income projected to increase to NT$217.2B.
TSMC $TSM is expected to report a 5% increase in net income as revenue rose 16.5% in Q1 due to strong AI chip demand. Net income is expected to rise to NT$217.2B, up from NT$206.9B last year.
"TSMC will hold its 1st quarter (Q1) conference April 18 and investors mainly want Q2 & 2024 outlook - TSMC view on AI demand, end of chip inventory adjustments - Update CoWoS packaging, vital to AI, CoWoS capacity seen 33-35,000 wafers/month by end-2024 vs 15K at end-2023"… https://t.co/97yhh1M8n3
TSMC First-Quarter Profit Expected to Rise 5% on Strong AI Chip Demand https://t.co/Vg3pUw16ee
⚠️ TSMC FIRST-QUARTER PROFIT EXPECTED TO RISE 5% ON STRONG AI CHIP DEMAND Full Story → https://t.co/FnLqoKIA8Y https://t.co/lfAB80PHuv
In the eyes of America’s commerce secretary, TSMC’s ambitious plans show the value of the CHIPS Act. But look closer and the Taiwanese company’s ambitions may not be all that grand https://t.co/0pV8P6wvIQ 👇
"US missing pieces of AI chip puzzle despite TSMC’s $65bn bet" https://t.co/mMLzsFYnqp "TSMC’s most important motive for stepping up its commitment to the US was to bring its own US strategy in line with the needs of Nvidia and other [AI] vendors" https://t.co/OJpYG0VKjb
TSMC’s American chipmaking plans are growing $25bn more ambitious. But they still pale next to its Taiwanese endeavours https://t.co/TM1bVmn20j 👇
TSMC’s $65 billion bet still leaves US missing piece of chip puzzle https://t.co/eIUtmyj1NU