TSMC

January 17, TSMC held an earnings call yesterday afternoon (January 16), where the company's chairman and chief executive officer Wei Zhejia said that artificial intelligence (AI) demand continues to grow and will be a major driver of the company's revenue in the coming years. Citing a blog post, 1AI said Wei Zhejia said that the overall growth of the TSMC Foundry 2.0 industry in 2024 was 6%, lower than expected, but TSMC bucked the trend with a growth of 30%, far exceeding the industry average, and the revenue share of AI gas pedals reached 15-17%, a triple increase compared to the previous year. Wei Zhejia show...

Taiwan Semiconductor Manufacturing Co. (TSMC), a major producer of advanced chips for artificial intelligence applications, forecast a 51% rise in first-quarter profit on Thursday, thanks to strong demand. The world's largest foundry chipmaker, whose clients include Apple and Nvidia, has benefited from a surge in artificial intelligence, helping it weather the weakening demand for electronics caused by the pandemic, pushing TSMC shares to a record high. Source note: Image generated by AI, image licensing service provider Midjourney Analysts expect TSMC's net profit to reach NT$217.2 billion (67.1 billion) in the quarter ending March 31...