TSMC reported a 54% increase in net profit, as global chipmakers continue to benefit from demand driven by AI applications.
In a statement, TSMC said that in the third quarter, “our business was supported by strong smartphone and AI-related demand for our industry-leading 3nm and 5nm technologies,” referencing its semiconductor nodes. TSMC now expects its capital expenditure for this year to increase to slightly more than $30 billion, as mentioned during the earnings call. The firm's capital expenditures rose to $6.4 billion in the third quarter, up from $6.36 billion in the previous three months.
The company’s solid Q3 print has helped improve investor sentiment following recent disappointing guidance and results by European chipmaker ASML (AS:“The fact that ASML guided so low put some doubt into investors as to whether or not this AI demand is as big as everyone is predicting. And it puts a spotlight on guidance for every other semiconductor company that reports moving forward,” Marino commented.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: Investingcom - 🏆 450. / 53 और पढो »
स्रोत: Investingcom - 🏆 450. / 53 और पढो »