TSMC bullish on AI demand, forecasts 20% revenue growth this year

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Taiwan Semi's (TSM) Results Lift Chip and Chip Equipment Stocks

January 18, 2024 7:43 AM EST

Chips stocks and chip equipment stocks were higher across the board Thursday following strong results from bellwether Taiwan Semi (NYSE: TSM). Its shares were up 7% after it report strong results and guidance.

Importantly, for 2024 Taiwan Semi said it expects:

Revenue is... More