How TSMC's Earnings Affect The Technology Sector

Taiwan Semiconductor Manufacturing Company (NYSE:TSM) , the world's largest contract chipmaker, reported a larger than expected quarterly performance this week, with net income rising 35% year-over-year to almost $7 billion and revenues of roughly $18.5 billion, which exceeded analyst expectations by around 5%. The results help emphasize the sustained global demand for advanced semiconductor technology, and more specifically, investments in artificial intelligence.TSMC is at the center of the global semicon ...