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TSMC’s Outlook Beats Estimates in Sign of Resilient AI Spending

Taiwan Semiconductor Manufacturing Co. projected quarterly sales and capital expenditure ahead of analysts’ estimates, fueling hopes that spending on AI hardware should remain resilient in 2025.The main chipmaker to Apple Inc. and Nvidia Corp. projected revenue of $25 billion to $25.8 billion in the March quarter, surpassing the $24.4 billion analysts predicted on average. The Taiwanese company foresees spending $38 billion to $42 billion on technology and capacity upgrades this year, exceeding ...

Read more at bloomberg.com

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