TSMC set to report a strong profit but Trump's comments pummel its stock

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TSMC set to report a strong profit but Trump's comments pummel its stock - Business Standard

Quick Summary:

TSMC is set to report a net profit of $7.33 billion for the quarter ended June 30.

On Wednesday, shares in ASML, the biggest supplier of computer chip- making equipment for whom TSMC is a major customer, fell sharply on worries that pressure from the US government could lead to tighter restrictions on its exports to China.

TSMC is set to report a net profit of T$238.8 billion ($7.33 billion) for the quarter ended June 30, according to an LSEG SmartEstimate drawn from 21 analysts.