TSMCs

AI Demand Boosts TSMC’s First-Quarter Profits by 9% – Surpasses Expectations

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Taipei, Taiwan – TSMC, the world’s largest contract chipmaker, impressed investors with a 9% increase in first-quarter net profit, surpassing market expectations. This performance is attributed to the growing demand for semiconductors used in artificial intelligence applications, propelling the company’s success amidst a shift away from pandemic-induced electronics demand. In a remarkable financial quarter, TSMC reported a rise in net profit from T$206.9 billion to T$225.5 billion, outperforming analyst estimates. The company’s revenue for January-March …

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Intel Stock Plummets 7%: Can Intel Catch Up to TSMC’s Profits by 2027?

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Bengaluru, India – Intel’s shares experienced a notable decrease of nearly 7% on Wednesday following reports of mounting losses within its contract chip-making division. The company’s struggles have raised concerns about its ability to compete with leading rival Taiwan Semiconductor Manufacturing Co. and regain profitability. Intel recently disclosed concerning financial details for its foundry unit, revealing an increase in operating losses from $5.2 billion in 2022 to $7 billion in 2023. Analyst Stacy Rasgon from …

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