The company’s shares have dropped 20 per cent so far this year, given uncertainty about US trade and tariff policies
Published Thu, Apr 17, 2025 · 07:31 AM — Updated Thu, Apr 17, 2025 · 02:07 PM
[TAIPEI] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, on Thursday (Apr 17) logged a forecast-beating 60 per cent leap in quarterly profit, though its outlook has been complicated by US President Donald Trump’s unpredictable trade policies.
Benefiting from surging demand for advanced chips used in artificial intelligence applications, TSMC said net profit for January to March climbed to NT$361.6 billion (S$15 billion), its fourth straight quarter of double-digit growth.
That was ahead of a NT$354.6 billion LSEG SmartEstimate drawn from 18 analysts.
Trump’s trade policies and threats to put tariffs on semiconductors have created much uncertainty for the global chip industry and TSMC, whose customers include Apple and Nvidia.
TSMC announced plans for a US$100 billion US investment with Trump at the White House last month, on top of US$65 billion pledged for three plants in the state of Arizona, one of which is up and running.
TSMC’s shares have dropped 20 per cent so far this year, given uncertainty about US trade and tariff policies. REUTERS
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