
Taiwan Semiconductor Manufacturing Company (TSMC) expressed confidence that its funding under the CHIPS Act will continue during Donald Trump's upcoming administration, according to CFO Wendell Huang. This statement highlights TSMC's optimistic outlook amidst a backdrop of robust demand for AI semiconductors. The company reported a 57% increase in net profit to $11.38 billion for the fourth quarter, driven by strong AI semiconductor demand, despite facing US export restrictions on AI technology. Following the earnings report, TSMC's shares rose by 5%. The confidence in ongoing funding under the CHIPS Act underscores the strategic importance of semiconductor manufacturing and technological advancements for TSMC's future growth.
.@jimcramer reviewed the market reaction to Taiwan Semiconductor Manufacturing Company’s fourth quarter earnings report. https://t.co/MKMTd6PFP0
TSMC seems to be managing the US-China balancing act remarkably well, at least for now. Who knows if it will be able to maintain that balance under Trump 2.0 https://t.co/cjTj1sgibe
Has anyone reached out to TSMC's leadership for comment? The guy their CEO called a 'Podcasting Bro' managed to put together $500B (an Apollo Program amount of capital) to change the world. ggwp https://t.co/vcQDnu0nWU https://t.co/kduddRNm25