Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) reported a 26 percent growth spurt last month, adding to evidence of accelerating spending on artificial intelligence (AI).
The go-to chipmaker for AI hardware providers Nvidia Corp and Advanced Micro Devices Inc yesterday said that sales last month totaled NT$323.2 billion (US$10.83 billion). That growth is in line with analyst expectations of a 25 percent increase in the company’s third-quarter revenue.
Even with the headwind of a stronger New Taiwan dollar, TSMC is on a torrid pace of growth this year — up 38 percent over its performance from January to July last year — and it is working to close the gap between supply and elevated demand.
Photo by Cheng I-hwa / AFP
TSMC shares hit a record high on Thursday, following an announcement by the administration of US President Donald Trump of new tariffs on chips that would exempt TSMC due to its investment in US production.
TSMC and GlobalWafers Co (環球晶圓) are the most likely of Taiwan’s chipmakers to benefit from new tariffs on semiconductors after investing billions in production facilities in the US. Limited near-shoring efforts by United Microelectronics Corp (聯電) and ASE Technology Holding Co (日月光投控) leave them vulnerable and at risk of losing market share to US-based rivals GlobalFoundries Inc and Amkor Technology Inc.
Beyond its primacy as the top choice for AI silicon, TSMC still has significant business providing semiconductors for smartphones and that sector is on a gradual recovery this year, Sony Group Corp said after its earnings on Thursday.
Apple Inc also just reported its fastest quarterly revenue growth in more than three years on solid demand in China and said its sales in the current quarter would grow a mid-to-high-single-digit percentage year-on-year.
SETBACK: Apple’s India iPhone push has been disrupted after Foxconn recalled hundreds of Chinese engineers, amid Beijing’s attempts to curb tech transfers Apple Inc assembly partner Hon Hai Precision Industry Co (鴻海精密), also known internationally as Foxconn Technology Group (富士康科技集團), has recalled about 300 Chinese engineers from a factory in India, the latest setback for the iPhone maker’s push to rapidly expand in the country. The extraction of Chinese workers from the factory of Yuzhan Technology (India) Private Ltd, a Hon Hai component unit, in southern Tamil Nadu state, is the second such move in a few months. The company has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named, as the
The prices of gasoline and diesel at domestic fuel stations are to rise NT$0.1 and NT$0.4 per liter this week respectively, after international crude oil prices rose last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to rise to NT$27.3, NT$28.8 and NT$30.8 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to rise to NT$26.2 per liter at CPC stations and NT$26 at Formosa pumps, they said. The announcements came after international crude oil prices
SinoPac Financial Holdings Co (永豐金控) is weighing whether to add a life insurance business to its portfolio, but would tread cautiously after completing three acquisitions in quick succession, president Stanley Chu (朱士廷) said yesterday. “We are carefully considering whether life insurance should play a role in SinoPac’s business map,” Chu told reporters ahead of an earnings conference. “Our priority is to ensure the success of the deals we have already made, even though we are tracking some possible targets.” Local media have reported that Mercuries Life Insurance Co (三商美邦人壽), which is seeking buyers amid financial strains, has invited three financial
CAUTION: Right now, artificial intelligence runs on faith, not productivity and eventually, the risk of a bubble will emerge,’ TIER economist Gordon Sun said Taiwanese manufacturers turned more optimistic last month, ending a five-month streak of declining sentiment as concerns over US tariffs, currency volatility and China’s overcapacity began to ease, the Taiwan Institute of Economic Research (TIER) said yesterday. The manufacturing business confidence index rose 1.17 points from June to 86.8, its first rebound since February. TIER economist Gordon Sun (孫明德) attributed the uptick to fading trade uncertainties, a steadier New Taiwan dollar and reduced competitive pressure from Chinese producers. Taiwan’s semiconductor industry is unlikely to face significant damage from Washington’s ongoing probe into semiconductors, given the US’ reliance on Taiwanese chips to power artificial
RSS