Try GOLD - Free
TSMC Raises 2025 Outlook to Boost AI Demand Optimism
The Straits Times
|July 18, 2025
Taiwan Semiconductor Manufacturing Co raised its outlook for 2025 revenue growth, shoring up investors' confidence in the momentum of the global artificial intelligence (AI) spending spree.
-
The world's biggest contract chip-maker on July 17 forecast sales growth of about 30 per cent in US dollar terms in 2025, up from mid-20 per cent previously. That reinforced expectations that tech firms from Meta Platforms to Google will keep spending to build the data centres essential to AI development. Nasdaq stock index futures swung to gains.
TSMC's move underscores resilient demand for high-end chips from the likes of Nvidia and AMD, which is outpacing production capacity. Chief executive C.C. Wei, seeking to dispel persistent speculation that tech firms may curtail spending, affirmed during a shareholder meeting in June that AI orders continue to run hot.
This story is from the July 18, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
Johor-S'pore SEZ can be genuine blueprint for shared prosperity
In the Opinion piece \"Johor-Singapore SEZ: Be careful the opportunity doesn't become an oversell\" (Jan 6), Mr Damien Dujacquier wisely cautioned that the Johor-Singapore Special Economic Zone (JS-SEZ) must not become an oversold opportunity.
1 mins
January 09, 2026
The Straits Times
Workplace discrimination
Ensuring accessible and fair resolution
2 mins
January 09, 2026
The Straits Times
S'pore had wettest March on record in 2025 due to monsoon surge
Typically one of Singapore's drier months, March 2025 broke records as being the country's wettest March due to an unusual monsoon surge.
4 mins
January 09, 2026
The Straits Times
Owners of bar in Swiss fire tragedy to be questioned
The owners of the bar in a Swiss ski resort town that went up in flames on New Year's Eve will be questioned on Jan 9, sources close to the investigation said.
1 mins
January 09, 2026
The Straits Times
Beijing confirms extradition of alleged scam boss from Cambodia
Prince Bank, a Cambodian bank founded by Chen Zhi, also placed under liquidation
3 mins
January 09, 2026
The Straits Times
Greenland is not the mining gem some think it is
The island is geologically analogous to Canada and countries in northern Europe.
3 mins
January 09, 2026
The Straits Times
Zelensky seeks new meeting with Trump as peace talks continue
Ukrainian President Volodymyr Zelensky is seeking a new meeting with US President Donald Trump as their officials revisited the two most problematic issues in peace talks aimed at ending Russia's war in Ukraine.
2 mins
January 09, 2026
The Straits Times
ASEAN is the place to be for doing business, says UOB research head
ASEAN stands out as an attractive place to do business, supported by a stable operating environment, favourable supply-chain realignments and the opportunities created by the Johor-Singapore Special Economic Zone.
2 mins
January 09, 2026
The Straits Times
New clashes erupt in Iran as exiled opposition calls for protests, strikes
Security forces used tear gas to disperse protesters in Iran, rights groups said on Jan 8, as people angered by the economic crisis kept up their challenge to the authorities and exiled opposition groups urged new protests as well as strikes.
3 mins
January 09, 2026
The Straits Times
Republic Polytechnic to expand use of AI in students' learning
All students at Republic Polytechnic (RP) will be using artificial intelligence (AI) more deeply in their coursework, thanks to a campuswide push to ensure they are proficient with the technology when they join the workforce.
4 mins
January 09, 2026
Listen
Translate
Change font size