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Stock impact report

TSMC Q1 profit rises 9%, beats market expectations [Reuters]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: Reuters
TAIPEI, April 18 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) New Tab , opens new tab posted a 9% rise in first-quarter net profit on Thursday that beat market expectations as it rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker and a major Apple Inc (AAPL.O) New Tab , opens new tab and Nvidia (NVDA.O) New Tab , opens new tab supplier, saw January-March net profit rise to T$225.5 billion ($6.97 billion) from T$206.9 billion a year earlier. The profit beat a T$218.1 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. ($1 = 32.3350 Taiwan dollars) The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Reporting by Yimou Lee and Faith Hung; Writing by Ben Blanchard; Editing by Himani Sarkar Our Standards: The Thomson Reuters Trust Show less Read more
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