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TSMC stock rallies on upbeat Q3 earnings fueled by strong AI chip demand
"Robust AI-related demand" led to strong Q3 earnings for the Taiwanese chipmaker that is building out a huge complex in Phoenix.
Chip Stocks Rally as TSMC Earnings Point To Strong AI Demand
Key Takeaways Chip stocks rose Thursday after the world’s largest contract chipmaker, Taiwan Semiconductor Manufacturing Co., reinvigorated Wall Street’s AI enthusiasm. Better-than-expected quarterly results and a rosy financial outlook powered its shares higher,
TSMC Stock Gains on Earnings Beat. AI Chip Demand Is Surging.
It’s a sign of strong demand for artificial-intelligence chips. Taiwan Semi, or TSMC, said revenue in U.S. dollars in the third quarter jumped 36% from a year earlier to $23.5 billion. Net profit rose 54% on the year to the equivalent of $10.
11h
on MSN
TSMC set to produce first chips from new Arizona plant at start of 2025
TSMC is building three new facilities in Arizona in order to protect its business against mounting tensions between China and ...
7h
on MSN
TSMC to start commercial semiconductor production in Phoenix earlier than thought
TSMC will start producing semiconductors at its Phoenix plant near the start of 2025, earlier than anticipated, and the ...
2d
TSMC jump starts housing, business development in north Phoenix
In three and a half years, the 10 miles around Taiwan Semiconductor Manufacturing Co. in Phoenix saw the equivalent of eight ...
13h
Morning Bid: TSMC steadies chip ship, ECB set to ease
European stocks (.STOXXE) pushed higher after a shaky week of disappointments from ASML and luxury goods maker LVMH (LVMH.PA) ...
TweakTown
9d
AMD should be TSMC's next huge customer for Arizona: HPC AI chips made in the USA in 2025
AMD is reportedly set to make its next-gen, high-perf chips at TSMC's new fab in Arizona, making it the second big client for ...
ABC15 Arizona
1d
TSMC trains apprentices for careers in microchip production
As a flood of big tech investment works to advance Arizona, the company behind a new multibillion dollar plant in North Phoenix is training apprentices in semiconductor manufacturing.
therookiewire.usatoday
3d
Supply chain and national security concerns lead to Arizona's big focus on chips
Factories like TSMC’s are making the Phoenix area a nucleus for the building blocks of the country’s economic and military ...
Digi Times
8d
AMD set to become second largest client of TSMC's US fab; hinted at one year ago
TSMC's Fab 21 in Arizona has not yet fully commenced its first phase of mass production, but it is already producing Apple's ...
1d
TSMC is making chips for Apple in the U.S.
Taiwan Semiconductor Manufacturing Company (TSM) has reportedly started making its first chips for a major customer at its ...
13d
Apple, Amkor, and TSMC ‘neath the Arizona Skies
If this news sounds familiar it’s because Apple confirmed its own deal with Amkor to package Apple Silicon at TSMC last ...
6h
TSMC's Q3 2024 Earnings Beat Unveils A New Catalyst
TSMC's Q3 and future prospects in the AI market, despite challenges, shows promising growth and margin potential. Click for ...
Peoriatimes
15h
Amkor, TSMC to expand partnership
Amkor Technology, and Taiwan Semiconduction (TSMC) recently announced that the two companies have signed a memorandum of ...
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