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TSMC hikes sales outlook as it rides wave of AI spending
The Straits Times
|July 19, 2024
Chipmaker beats estimates as Q2 revenue grows at the fastest pace since 2022
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Taiwan Semiconductor Manufacturing Company (TSMC) raised its projections for full-year revenue growth after results beat estimates, riding a global wave of spending on artificial intelligence (AI).
The chipmaker for Apple and Nvidia now expects sales to grow more than the maximum mid-20 per cent it had guided towards previously. TSMC expects revenue of as much as US$23.2 billion (S$31.1 billion) this quarter, above analysts’ projections. And it narrowed its forecast for capital spending – a key indicator of where TSMC sees future demand – to the high end of its original forecast, to US$30 billion to US$32 billion from as low as US$28 billion previously.
यह कहानी The Straits Times के July 19, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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