
TSMC posted Q1 profit that climbed 45% YoY to NT$202.73 billion, beating out analysts’ expectations of NT$184.67 billion.
Taiwan Semiconductor Manufacturing Company, also known as Taiwan Semiconductor, operates as a semiconductor foundry.
Taiwan Semiconductor Manufacturing Company, Limited, is the world’s largest dedicated independent (pure-play) semiconductor foundry, with its headquarters and main operations located in the Hsinchu Science and Industrial Park in Hsinchu, Taiwan.
TSMC is also occasionally referred to as Taiwan Semiconductor or TSM, but it’s unrelated to another similarly named company Taiwan Semiconductor Co Ltd (TSC), which is a manufacturer of discrete semiconductor components.
Manufacture of Integrated circuits and related services
TSMC posted Q1 profit that climbed 45% YoY to NT$202.73 billion, beating out analysts’ expectations of NT$184.67 billion.
Investors expect that the chipmaker will announce a capital expenditure budget of over $40 billion for the current year.
The heavy regulatory crackdown on Chinese tech companies has seen the valuations eroding nearly 30% since the beginning of 2021. Other Asia competitors are making the most of it.