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Investing.com– Asian chipmaking stocks fell sharply on Friday after sector major TSMC flagged a weak outlook for the semiconductor industry, even as demand from artificial intelligence helped the firm clock stronger first-quarter earnings.
Investing.com– Taiwan Semiconductor Manufacturing Corp (TW:2330) (NYSE:TSM), or TSMC, clocked a stronger-than-expected first-quarter profit on Wednesday as the world’s largest contract chipmaker benefited from increased demand in the rapidly-growing artificial intelligence industry.
Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.