TSMC Stock Falls After Earnings. Taiwan Semi Ramps Up U.S. Investment Amid Intel Threat.
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record-breaking 77.4% year-on-year surge in second-quarter net profit, driven by robust demand for artificial intelligence hardware. Despite these results, which exceeded analyst expectations, the company is accelerating its international expansion, committing an additional $100 billion to its U.S. manufacturing footprint in Arizona. Financial Performance and AI Demand For … Read more