The Taiwan Semiconductor Manufacturing Company (NYSE: TSM), having seen a significant rise in 2024, is set to publish its earnings report for the first quarter of the year on April 18.The microchip manufacturer finds itself in an odd position given that the analysts’ earnings-per-share (EPS) outlook hints at bearish expectations given that it is set at $1.29 – lower than the $1.31 in the same period one year earlier, and below the $1.44 in the final trimester of 2023.This might appear odd given TSMC’s cruci ...

Key TakeawaysTaiwan Semiconductor Manufacturing Company said that revenue in March jumped 34% from the year-ago month. Quarterly revenue increased 17%, coming in higher than analysts' expectations.TSMC has seen an increase in demand for its semiconductors due to the boom in demand for artificial intelligence products and rising crypto prices.The company's stock, which was already trending upward this week after it announced it would receive up to $6.6 billion in direct federal funding to expand a facility i ...

Taiwan Semiconductor Manufacturing (TSM) on Wednesday topped expectations for first-quarter sales thanks to booming demand for artificial intelligence chips. But TSM stock wavered on the news.X The world's largest chip foundry, better known as TSMC, said its March-quarter sales rose 16.5% year over year in local currency. Analysts had been looking for a 13.9% increase in revenue.TSMC generated the equivalent of $18.86 billion in March-quarter sales, vs. estimates for $18.26 billion. In the year-earlier peri ...

In this articleTSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023Taiwan Semiconductor Manufacturing Co. (TMSC), posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips.TSMC said March revenue came in at 195.2 billion new Taiwan dollars ($6.1 billion), up 34.3% year-on-year — marking the fastest pace of growth since November 2022.The company's first-quarter r ...

Pre-market futures are up this morning. There is no real news on which market opinion to pivot, but slightly bullish sentiment looks to be gathering ahead of tomorrow’s Consumer Price Index (CPI) report, which is expected to come in +3.5% on the Inflation Rate (headline CPI year over year) and +3.7% on core CPI year over year. Last week’s Jobs Report was stronger than expected, so sandwiched in between these two major economic metrics, investors apparently feel pretty good about where they are.We’re only a ...

The company's sales data confirms a recovery is in place for the semiconductor industry.Shares in Taiwan Semiconductor Manufacturing Co. (TSM 1.01%) rose by 12.9% in March, according to data provided by S&P Global Market Intelligence. The move comes in a highly eventful period for the company.Earthquakes in Taiwan, the announcement of a major expansion in Arizona, and the news that its rival and customer, Intel, is suffering multibillion-dollar losses in its foundry business have all hit the newswires recen ...

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) experienced a notable uptrend following the Biden administration’s announcement of financial backing, totaling up to $11.6 billion. This support aims to bolster TSM’s chip production in the U.S., with a substantial portion, up to $6.6 billion, allocated as grants. Coupled with loans and tax credits totaling $5 billion, TSM commits to investing $65 billion in American operations, according to a Bloomberg report on April 8.Additionally, J.P. Morgan, an Am ...

In the latest trading session, TSMC (TSM) closed at $142.79, marking a +1.01% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.04%. On the other hand, the Dow registered a loss of 0.03%, and the technology-centric Nasdaq increased by 0.03%.Shares of the chip company witnessed a loss of 3.42% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.26% and the S&P 500's gain of 2.57%.The upcoming earnings release of TSMC will be of ...

The US government will dole out $11.6 billion in CHIPS Act funds to Taiwan Semiconductor in order to get the world’s largest chipmaker to boost its production of the critical technology in Arizona, the US Commerce Department said Monday.The Taiwanese company — which produces 90% of the world’s super-advanced semiconductors and supplies tech giant like Apple and Nvidia — agreed to build a third factory in Phoenix as part of a $65 billion investment at the production hub, officials said. TSMC’s first two fact ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...