TSMC’S QUARTERLY PROFIT SURGES – Its outlook has been complicated by U.S. President Donald Trump’s trade policies
Taiwan’s TSMC, the world’s largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit, though its outlook has been complicated by U.S. President Donald Trump’s unpredictable trade policies.
Benefiting from surging demand for advanced chips used in artificial intelligence applications, Taiwan Semiconductor Manufacturing Co said net profit for January-March climbed to T$361.6 billion ($11.1 billion), its fourth straight quarter of double-digit growth.
Trump’s trade policies and threats to put tariffs on semiconductors have created much uncertainty for the global chip industry and TSMC, whose customers include Apple and Nvidia.
TSMC announced plans for a $100 billion U.S. investment with Trump at the White House last month, on top of $65 billion pledged for three plants in the state of Arizona, one of which is up and running.
