TSMC Sees Continued AI Strength

Here's our initial take on Taiwan Semiconductor Manufacturing's (NYSE: TSM) financial report.Taiwan Semiconductor Manufacturing, or TSMC, generated 989.92 billion New Taiwan dollars ($33.10 billion) in revenue and NT$452.3 billion in net income in the quarter, topping Wall Street expectations and posting new all-time highs.The company is the go-to foundry for the chips powering the AI revolution. CEO C.C. Wei, on a postearnings call with investors, said recent developments in the AI market "continue to be very positive," strengthening the company's conviction surrounding what Wei called "the AI megatrend."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool