TSMC expects steady investment after Q4 profit beats expectations
Taiwanese chipmaker TSMC, opens new tab projected on Thursday steady capital spending for the current year and upwards of 20% revenue growth driven by demand for artificial intelligence.
Taiwan Semiconductor Manufacturing Co Ltd , the world's largest contract chipmaker and a major Apple Inc, opens new tab and Nvidia, opens new tab supplier, also reported a quarterly net profit that beat market expectations.
Looking ahead, TSMC said it plans to expand its global manufacturing footprint, with construction at its fab plant in Germany expected to begin in the fourth quarter of this year. It
forecast capital spending at $28-$32 billion for this year, in line with 2023.
TSMC posted a 19% drop in net profit for the October-December quarter to T$238.7 billion ($7.6 billion) from a particularly strong year-ago quarter as global economic woes hit demand for chips used in applications from cars to cellphones and servers.
TSMC posted a 19% drop in net profit for the October-December quarter to T$238.7 billion ($7.6 billion) from a particularly strong year-ago quarter as global economic woes hit demand for chips used in applications from cars to cellphones and servers.
The profit, though, beat a T$226.4 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. $Taiwan Semiconductor(TSM.US$ $Apple(AAPL.US$ $NVIDIA(NVDA.US$
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AbdulK : Now we saw this result. Lets wait for$NVIDIA (NVDA.US)$ earnings.
Silverbat : Buy dips and wait new highs
SpyderCall Silverbat: well spoken