TSMC in Podcasts
companyChinese semiconductor manufacturing company, one of Nvidia's partners in supply chain
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TSMC makes around 90% of the world's most advanced chips, so its outlook is a pretty good proxy for the AI industry's health.
And further out, TSMC now expects revenue from AI chips to grow about 55% a year through 2029, a full 10 percentage points faster than it was predicting before.
That beat analyst forecasts by a good 5% and further encouraged investors, hot on the heels of TSMC's sneak peak revenue beat last week.
TSMC reported better than expected results on Thursday, reassuring investors who needed to see the AI money to believe the hype.
Coming up, TSMC's profit sailed past analysts' expectations, bolstering investors' confidence in the whole AI chips thing.
TSMC is the world's largest chip maker, one of the most important companies in the world, and they just reported earnings and delivered a record quarter with profits jumping 35%.
TSMC
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