TSMC hikes revenue outlook in a show of confidence on AI boom

Quick Summary:

It expects revenue of as much as US$23.2 billion (S$31.1 billion) this quarter.

The chipmaker for Apple and Nvidia now expects sales to grow more than the maximum mid-20 per cent it had guided toward previously.

The raised outlook conveys TSMC’s confidence in the longevity of an AI boom that began in late 2022 with the advent of OpenAI’s ChatGPT.

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Category: EconomyBusiness

Markets: SingaporeChinaTaiwan

Topics: Global Spending Billion) Tsmc Cent Market Expects Revenue Company Billion Tsmc’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 16:35:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 27 lines

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Copyright Owner: © The Straits Times

News ID: 21672705

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