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TSMC s first-quarter earnings projected to increase by 5% due to robust demand for AI chips
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Tsmc: The world s largest contract chipmaker is set to report net profit of T$226.4 billion ($7.21 billion) for the October to December period - its third straight quarter of profit decline, according to an LSEG SmartEstimate drawn from 20 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.
Taiwan Semiconductor Manufacturing Co Ltd is expected to announce a 30% drop in third-quarter profit, reflecting a strong performance last year. However, analysts predict strong growth for the chip industry next year as demand picks up. TSMC s revenue for the quarter was around $17 billion, down 20% from the previous year.
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