TSMC Projects Confidence Even as Trump Hits Global Tech
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Taiwan Semiconductor Manufacturing Co. kept its bullish outlook for growth in 2025 after reporting strong first-quarter results, suggesting the world’s biggest chipmaker is confident it can ride out a US-China trade war.
The main chipmaker for Nvidia Corp. and Apple Inc. said it still expects mid-20% growth this year and a doubling of AI revenue, mirroring goals it set in January. And it stuck with a capital spending projection of $38 billion to $42 billion for 2025. TSMC’s US stock rose as much as 3.8%, while shares of suppliers including Tokyo Electron Ltd. and Lasertec Corp. climbed in Tokyo.