Taiwan Semi Slides Despite Record Results In Warning Sign For Chip Companies

Taiwan Semi Slides Despite Record Results In Warning Sign For Chip Companies Taiwanese chip giant, Taiwan Semiconductor Manfuacturing Co, said Thursday its net profit surged to a fresh record in the first quarter, fueled by the global artificial intelligence race despite the war in the Middle East. Massive demand for AI hardware means business is booming for TSMC -- the biggest contract maker of microchips used in everything from Apple phones to Nvidia processors. TSMC's net pro...

By Tyler Durden