Taiwan Semiconductor Manufacturing (TSM) has released an update.
Taiwan Semiconductor Manufacturing Company (TSMC) reports a robust first quarter with earnings per share of NT$8.70, marking a 16.5% increase in revenue and an 8.9% rise in net income year-over-year. Despite seasonal declines in smartphone sales, demand for high-performance computing has buoyed results, with the company projecting continued strength into Q2 due to demand for their cutting-edge 3nm and 5nm technologies. TSMC maintains its industry dominance, supporting a broad ecosystem and serving a wide array of global customers with a diverse portfolio of process technologies.
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