Taiwan Semiconductor's Q1 revenue surges amid AI chip boom
Posted: Apr 10, 2024
- Taiwan Semiconductor Manufacturing's first-quarter revenue increased by 16.5% year-over-year - Revenue was $18.54 billion compared to $16.72 billion the previous year - TSM produces chips for companies like Apple, Nvidia, and AMD - TSM's revenue for March 2024 increased by 34.3% year-over-year - The company forecasts revenue to be between $18 billion and $18.8 billion for the first quarter of 2024 - TSM is scheduled to report first-quarter earnings on April 18 - Nvidia (NVDA) earnings are expected soon, which may lead to a rally in stock prices
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