This post is also available in:
简体中文 (Chinese)
TSMC is expected to announce a 5% rise in first-quarter profit, driven largely by the artificial intelligence boom. The company’s sales grew 16.5% and its stock price hit a record high.
It is predicted that quarterly net profit will reach NT$217.2 billion, a record high. TSMC holds an 80% share of the high-end AI processor market, and its customers include Apple and Nvidia.
NVIDIA’s recent market value exceeded US$2 trillion, making it one of the world’s third most valuable companies, highlighting its leading position in the artificial intelligence chip industry.
(Source: techtimes Image source: freepik)
