TSMC revenue climbs 39% in latest sign of AI spending boom
The chipmaker for Nvidia and Apple sales climbed to NT$934 billion (S$41 billion) for the three months, based on its reported monthly revenue. That beat the average analyst projection for about NT$928 billion.
Investors have piled back into AI-linked companies, shaking off a funk that settled in after China's DeepSeek cast doubt on whether the likes of Meta Platforms and Google needed to spend that much money on data centres. This week, Nvidia became the first company in history to hit a US$4 trillion valuation, underscoring investors' renewed enthusiasm for companies such as TSMC, key to building the infrastructure for AI.
TSMC chief executive officer Wei CC reassured shareholders in June that AI chip demand still outstripped supply, and reaffirmed an outlook for 2025 sales to grow in the mid-20 per cent range in US dollar terms. His company has pledged to spend another US$100 billion ramping up manufacturing in Arizona, in addition to an expansion in Japan, Germany and back home.
As the world's largest contract chipmaker, TSMC sits at the heart of the global technology supply chain, producing cutting-edge chips for iPhones and Nvidia's AI offerings.
While Nvidia is fuelling its growth, TSMC remains reliant on Apple and smartphone makers for most of its business.
For 2025, investors remain wary about the impact of tariffs on the global economy and the electronics sector.
The Trump administration's trade war is prompting economists to scale back their forecasts for gross domestic product growth worldwide, casting doubt over the outlook for everything from iPhone demand to computing. BLOOMBERG
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Straits Times
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The American casino and resort company committed to an initial investment of $3.85 billion, which is apart from another $1.2 billion in land cost for the site. 'It was... a major investment, underpinned by confidence in Singapore, and in Singapore's future,' he said. 'I'm glad this partnership has flourished, and I'm even happier that we are now taking it to the next level.' Mr Goldstein said that Marina Bay Sands has become the most successful integrated resort in history and the industry's gold standard since it opened in 2010. 'We have every intention of delivering a product that will be the envy of the hospitality industry and ushers in a new era of luxury tourism in Singapore,' the Las Vegas Sands chairman and CEO said of the new tower.
