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0.0035571687840291 0.00283121597096199 0.000435571687840307 0.000798548094373965 -0.00965517241379299 -0.0196733212341198 -0.00921960072595289 -0.00544464609800363
Stock impact report

Taiwan chip giant TSMC's profits surge on AI demand [Yahoo! Finance]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Yahoo! Finance
demand for its microchips used to power everything from mobile phones to AI technology. Taiwan Semiconductor Manufacturing Company -- whose clients include Apple and Nvidia -- controls more than half the world's output of silicon chips, which have been called the "lifeblood" of the modern world. The company said Thursday its net profit increased 8.9 percent on-year in January-March to NT$225.4 billion ($6.97 billion) compared to NT$206.9 billion in the same period last year. First-quarter revenues also rose 13 percent year-on-year to $18.87 billion, it said. CFO Wendell Huang also said during an earnings call Thursday that TSMC expects its second-quarter revenues to increase by 27.6 percent. TSMC, which produces some of the most advanced microchips in the world, dominates the chip-making industry, as well as its customer US-based Nvidia. The bulk of its fabrication plants making its most high-tech products are based in Taiwan, a self-ruled island that is claimed by neighbo Show less Read more
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