TSMC quarterly profit jumps, upbeat on outlook despite tariff uncertainty

Faith Hung - Reuters - 17/04
Taiwan's TSMC , the world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.
  • TSMC Jan-March net profit jumps 60%, beats forecasts
  • Profit lifted by surging demand for advanced chips used in AI
  • Maintains full-year outlook for revenue and capital spending
TAIPEI, April 17 (Reuters) - Taiwan's TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, logged a forecast-beating 60% leap in quarterly profit and said it still expects robust growth this year despite U.S. President Donald Trump's unpredictable trade policies.
The bellwether for the global chip industry kept its annual outlooks for sales and capital spending unchanged and forecast AI chip revenue to double. The bullish outlook comes despite market concerns about a slowdown due to tightening U.S. chip export controls.

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Executives said that while they understood there were risks from U.S. tariffs, the company's business would be supported by robust artificial intelligence demand.
"We have not seen any change in our customers' behaviour so far," Chief Executive CC Wei said when asked about the impact of Trump's tariff policies.
Taiwan Semiconductor Manufacturing Co's net profit for January-March climbed to T$361.6 billion ($11.1 billion), its fourth straight quarter of double-digit growth.
That was ahead o...
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