Taiwan Economy Grows at Fastest Pace Since 2021 on Chip Boom [BNN Bloomberg (Canada)]
Taiwan Semiconductor Manufacturing Company Ltd. (TSM)
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm
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tsmc.com/english/investorrelations/index.htm
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Source: BNN Bloomberg
Gross domestic product grew 6.51% year-on-year to NT$5.46 trillion in the first quarter, according to a statement from the statistics bureau in Taipei on Tuesday, the fastest pace since the second quarter of 2021. That was stronger than the 6% increase economists had forecast in a Bloomberg survey. Taiwan's economy is one of the main beneficiaries of a surge in global demand for the hardware underpinning AI technologies, such as semiconductors and servers. GDP is likely to expand 3.43% this year, the statistics bureau said in its most recent forecast in February. Taiwan's exports surged 18.9% in March, the fastest pace in two years, as shipments of computers and related hardware needed for AI rocketed more than 400%. But the first quarter may be as good as it gets for a while. Economists and government statisticians say growth is likely to slow in the coming quarters, due in part to a higher base of comparison with last year's figures. In the past few weeks, chip giants Taiwa
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TSM
Earnings
- 4/19/24 - Beat
TSM
Sec Filings
- 5/15/24 - Form 6-K
- 5/10/24 - Form 6-K
- 5/10/24 - Form 6-K
- TSM's page on the SEC website