Taiwan Semiconductor Clocks Massive Q1 Revenue Growth Despite US Tensions

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported first-quarter revenue growth of 41.6% year-on-year to 839.25 billion New Taiwan dollars ($25.5 billion) on Thursday.

In March, key contract chipmaker chief C.C. Wei announced an additional $100 billion investment in U.S. chipmaking (on top of $65 billion in April 2024)

The investment followed President Trump’s verbal attacks of Taiwan “stealing” the U.S. semiconductor business, leading to massive trade deficits for Washington.

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https://www.benzinga.com/25/04/44732800/taiwan-semiconductor-reports-255-billion-q1-revenue-surges-42-in-despite-us-tensions