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☆ The chip industry uses as much water as the city of Hong Kong. Now factories are working to be more sustainable.
▼ + stars: | 2024-07-31 | by ( Helen Li | ) www.businessinsider.com time to read: +7 min

According to an S&P Global analysis, the global semiconductor industry consumed as much water in 2021 as the city of Hong Kong. Water consumption for chip fabs and data centers will rise as the demand for chips grows. The chip fabs stored the TCE underground, but tanks sometimes ruptured, leaking the chemical into the local groundwater and soil. Now, chip fabs must work with local governments to meet water management and waste disposal requirements. Several researchers are investigating ways to reduce and recycle water in chip manufacturing.

Persons: —, Prakash Govindan, Steve Proehl, Packard, Govindan, he's, fabs, Paul Westerhoff, TSMC, Jensen Huang, Huang, Anuradha Murthy Agarwal, Agarwal Organizations: Service, Business, Intel, AMD, Philips, Hewlett, Environmental, Agency, Arizona State University, Micron, Nvidia, MIT's Materials Research Laboratory Locations: Hong Kong, Taiwan, American, Santa Clara , California, Valley's Santa Clara County, . Arizona, Colorado, Phoenix, Denver

☆ TSMC shares were rocky last week. This is where Wall Street says the stock is headed
▼ + stars: | 2024-07-24 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Shares of Taiwan Semiconductor Manufacturing Company (TSMC) were rocked by geopolitical developments from the U.S. last week, even as the firm reported earnings that beat expectations. TSMC and other semiconductor shares fell last Wednesday after reports of potentially tighter restrictions surfaced. Price target hikes for TSMC Over July 18 and 19, after those developments, 22 of 42 analysts who cover TSMC's Taiwan-listed shares hiked their price targets for the stock, according to FactSet. None reduced or left the price target unchanged. Analysts gave the stock potential upside of 30.5% based on the consensus price target.

Persons: Biden, TSMC's, Donald Trump, TSMC, Needham, Morningstar, Morgan Stanley, — CNBC's Michael Bloom, Arjun Kharpal Organizations: Taiwan Semiconductor Manufacturing Company, U.S, Bloomberg, Revenue, North America, Taiwan, CNBC, U.S . Needham, Management Locations: China, North, Taiwan, U.S, TSMC

☆ These 2 stocks and an ETF will gain whoever wins the U.S. election, says fund manager
▼ + stars: | 2024-07-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the United States presidential election nears, there's one key theme that's expected to continue regardless of who wins: the reshoring of American manufacturing . Tema ETFs runs the actively managed American Reshoring ETF (ticker RSHO), designed to take advantage of this trend. "The American reshoring fund is built on the foundation that the world's not getting any safer. However, the fund manager cautioned that there could be challenges in hiring skilled labor due to the decline in the United States semiconductor manufacturing industry over the years. TSM 5Y line While TSMC is less than 1% of the American Reshoring ETF, Clean Harbors is a top 10 holding with 4.71% allocated.

Persons: Yuri Khodjamirian, CNBC's, PFAS —, Khodjamirian Organizations: United, Republicans, Democrats, Tema, American, Harbors, Clean Harbors, Taiwan Semiconductor, ETF Locations: United States, Tema, North America, Arizona

☆ Analyst discusses the outlook for chip manufacturing
▼ + stars: | 2024-07-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses the outlook for chip manufacturingCharles Shi, managing director and senior analyst at Needham & Co., discusses TSMC's earnings and the outlook for chip manufacturing.

Persons: Charles Shi Organizations: Needham & Co

☆ Chip stocks suffer a mini-meltdown as more potential trade restrictions threaten the industry
▼ + stars: | 2024-07-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at why reports of more potential trade restrictions have chip companies on their heels . Trade restrictions are certainly real concerns for chip companies. AdvertisementThe supply-chain base for most of the chip industry is in Taiwan, specifically TSMC. Politicians and regulators have no interest in making American AI companies less competitive and demand is still extremely high. With so much geopolitical tension, is it possible the chip industry becomes more regionalized?

Persons: —, Dan Schneider's, Rebecca Zisser, Joe Biden, Insider's Kelly Cloonan, Biden, chipmakers, Trump, Emma Cosgrove, It's, Marianne Ayala, aren't, Dan Ives, influencers, Donald Trump, JD Vance, Tyler Le, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Dan Schneider's Nickelodeon, Business, Nvidia, AMD, Bloomberg, China, YouTube, JPMorgan, Apple, Republican National Convention, Netflix Locations: China, Netherlands, Taiwan, Texas, California, New York, London

☆ Asia chip stocks tumble amid news the U.S. may consider trade curbs
▼ + stars: | 2024-07-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions. TSMC's suppliers also took a hit, with Japanese machinery companies Tokyo Electron slumping almost 9% while Screen Holdings fell more than 8%. Any sort of tariffs and curbs to trade are going to impact these chip companies. South Korean chip stocks were not spared. Samsung Electronics slid by nearly 2%, while SK Hynix tumbled nearly 5% and SK Square plunged nearly 10%.

Persons: Biden, Organo, Ayako Yoshioka Organizations: Bloomberg, Taiwan Semiconductor Manufacturing, Screen Holdings, Samsung Electronics, SK Hynix, SK Square Locations: U.S, China, Asia, Tokyo

☆ TSMC second-quarter profit beats expectations as AI chip boom continues
▼ + stars: | 2024-07-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge. The firm guided second-quarter revenue to be between $19.6 billion and $20.4 billion. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. TSMC projects third-quarter revenue between $22.4 billion and $23.2 billion. This compares to $17.3 billion in revenue posted in the same period a year ago.

Persons: C.C, Wei Organizations: Taiwan Semiconductor Manufacturing Company, Samsung, Intel, Apple, Nvidia, TSMC Locations: Taiwan, TSMC

☆ The AI chip race is minting thousands of new millionaires in Taiwan, but not everyone is benefiting
▼ + stars: | 2024-07-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

This number could surge by 47% to about 1.16 million millionaires by 2028, UBS predicts, leading the 56 global markets the bank analyzed in its report. AdvertisementThe US was home to nearly 22 million millionaires last year, per UBS. That number is expected to grow 16% to 25.5 million millionaires over the next five years. UBS attributes Taiwan's wealth growth to its semiconductor chip industry, which is "set to reap the rewards of the boom in artificial intelligence." The rise of the chip behemoth has created an entire tech ecosystem in Taiwan, much of which is centered on hardware.

Persons: —, TSMC, Ma Tieying Organizations: Service, UBS, Business, Taiwan Semiconductor Manufacturing Company, chipmaker, Apple, Nvidia, New York Stock Exchange, DBS Locations: Taiwan, Swiss, China

☆ TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts
▼ + stars: | 2024-07-10 | by ( ) www.cnbc.com time to read: +1 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)TSMC , the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence (AI) applications. It is not a direct comparison as TSMC provides monthly revenue data only in Taiwan dollars, but gives quarterly revenue figures and its outlook on its quarterly earnings calls both in U.S. dollars. On its most recent earnings call in April, Taiwan Semiconductor Manufacturing Co forecast second quarter revenue in a range of between $19.6 billion to $20.4 billion. For June alone, TSMC reported that revenue rose 33% year-on-year to T$207.87 billion.

Persons: Amber Wang, TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Center, TSMC, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, Revenue, Taiwan Semiconductor Manufacturing Locations: Hsinchu, AFP, Taiwan

☆ Chip giant TSMC crosses $1 trillion market cap, riding on the back of Nvidia's gains
▼ + stars: | 2024-07-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +1 min

Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains. TSMC's market cap briefly crossed $1 trillion on Monday. The stock price of ASML — Europe's third-most valuable company — crossed 1,000 euros apiece. AdvertisementTech giant Nvidia has been riding the artificial intelligence wave that made it one of the world's most valuable companies. Now, Nvidia's suppliers and upstream partners are riding on the hype, too.

Persons: — Organizations: Service, Tech, Nvidia, Taiwan Semiconductor Manufacturing Company, New York Stock Exchange, Business

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, PNC, Domino's, Charles Schwab, Roblox, SolarEdge & more
▼ + stars: | 2024-07-08 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Monday's biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS raised its price target on Nvidia to $150 per share from $120. Stifel upgrades Ecolab to buy from hold Stifel said it's bullish on shares of the food safety company. KBW upgrades Charles Schwab to outperform from market perform KBW said it's getting bullish on shares of Charles Schwab. Wells Fargo reiterates Meta as overweight Wells raised its price target on Meta to $625 per share from $593. Wells Fargo reiterates Roblox as overweight Wells raised its price target on the stock to $43 per share from $41 ahead of earnings on August 1.

Persons: Stifel, it's, Morgan Stanley, Charles Schwab, KBW, Guggenheim, ServiceNow, Wells, Riley, Emerson, Redburn, Wolfe, JPM, Raymond James, Gilead, Bumble, TD Cowen, Oppenheimer, Jefferies, Baird, Wedbush, RBLX Organizations: UBS, Nvidia, Taiwan Semiconductor, Meta, PNC, Bank of America, underperform Bank of America, Medicines, NSC, Apple, JPMorgan, Disney Locations: 2H24, Columbia, Norfolk, Asia

☆ Work is getting really weird
▼ + stars: | 2024-07-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

The big storyBizarro workplaceLorenzo Matteucci for BILet's be honest: Work has gotten really weird. Workers hiring shadow stand-ins can be unqualified for their jobs, overwhelmed, greedy, or just lazy. Shadow stand-ins are typically paid a fraction of the salary earned by the actual employee. One employee also described to Rob struggling to deal with a shadow stand-in's sub-par work and eventually "firing" them. Getty Images; Alyssa Powell/BIMeanwhile, the people who are doing all the work themselves are having a tough time getting any recognition.

Persons: —, Lorenzo Matteucci, Rob Price, Rob, Alyssa Powell, BI's Aki Ito, Roaring Kitty, Bain, Chris Miller, Greg Peters, Ted Sarandos, Peters, Chelsea Jia Feng, Coach's, David Rosenberg, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Grace Lett, Annie Smith, Amanda Yen Organizations: Service, Business, BI, Super, Facebook, Workers, Corporations, Getty, GameStop, McKinsey, Taiwan Semiconductor Manufacturing Company, Netflix, Walgreens, CVS, Rite, Wimbledon Locations: Chicago, India, Pakistan, China, Taiwan, New York, London

☆ 'Outsized winners': Morgan Stanley names global stocks to tap the 'upgrade supercycle' in a corner of AI
▼ + stars: | 2024-06-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The market is underestimating one corner of artificial intelligence, according to Morgan Stanley. The innovation in the sector is set to drive AI chip capabilities, said Morgan Stanley. Morgan Stanley says it sees "outsized winners" in Japan, South Korea and the European Union. Taiwan TSMC : Morgan Stanley noted the Taiwanese semiconductor firm is a major provider of CoWoS technology, a type of packaging technology. Japan Morgan Stanley says it favors Disco and Advantest the most out of all the companies in Japan that are producing equipment for advanced packaging.

Persons: Morgan Stanley, That's, Amkor, TSMC, — CNBC's Michael Bloom Organizations: Engineers, European Union, United, Semiconductor Assembly, Test Services, Apple, ACM Research, SK Hynix, SK Hynix's Locations: Japan, South Korea, United States, Arizona, Taiwan

☆ Nvidia is making a ton of money. Now, main supplier TSMC may charge Jensen Huang more for chips.
▼ + stars: | 2024-06-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Now, key supplier Taiwan Semiconductor Manufacturing Company, or TSMC, appears to want in on the hype. "I did complain to Nvidia's CEO Jensen Huang — the 'three trillion guy' — that his products are so expensive," CC Wei, TSMC's CEO, said last week, per Nikkei. TSMC has already indicated price hikes for production outside of TaiwanIt isn't the first time this year that TSMC has signaled a price hike. AdvertisementIn April, Wei said the company plans to charge customers more if they want their chips made outside Taiwan. "In today's fragmented globalization environment, costs will be higher for everyone, including TSMC, our customers, our competitors, and the entire semiconductor industry."

Persons: —, Jensen Huang, Jensen Huang —, Wei, TSMC, Nvidia's Huang doesn't, Huang, Morgan Stanley Organizations: Service, Taiwan Semiconductor Manufacturing Company, Wei, Business, Wall, NVIDIA, Nvidia, New Locations: TSMC, Taiwan, China, Beijing, Arizona, Japan, Germany, New Taiwan

☆ It'll take China's chip industry a long time to reach TSMC's level, strategist says
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt'll take China's chip industry a long time to reach TSMC's level, strategist saysVincent Chan, China strategist at Aletheia Capital, says, however, that China has the "monetary resources" to build "really large capacity" at the mid to low end.

Persons: Vincent Chan Organizations: Aletheia Locations: China

Jefferies upgraded MercadoLibre to buy and raised its price target on the stock. Asiya Merchant kept her buy rating and and hiked up her price target by $45 to $170, which suggests shares could jump 16.9% from Monday's close. Nodding to the stock's strong recent performance, analyst David Koning downgraded Toast shares to neutral and maintained his $28 price target. Analyst Kashy Harrison downgraded the stock to neutral from overweight and lowered his price target to $4.50 from $9, implying 8.4% upside. He also raised his price target to $2,100 from $1,400, implying upside of about 20% over the next 12 months.

Persons: Jefferies, Piper Sandler, Asiya Merchant, Merchant, Dell, — Pia Singh, Baird, David Koning, Koning, Morgan Stanley, Chan, TSMC, Piper Sandler downgrades, Kashy Harrison, Harrison, Alex Wright, Wright, Fred Imbert Organizations: CNBC, Sunnova Energy, Citi, Dell, Citi Research, TAM, Taiwan Semiconductor, Nvidia, Energy, NOVA, Jefferies Locations: America, Monday's, Kong, securitizations

☆ Morgan Stanley says shares of this Nvidia supplier could pop if AI leader gives a good forecast
▼ + stars: | 2024-05-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

One semiconductor supplier could win big from a strong outlook from chip giant Nvidia , according to Morgan Stanley. " TSMC is the sole supplier for NVDA AI GPU, so we view NVDA's July-quarter revenue guidance, due on May 22, as a key catalyst," wrote analyst Charlie Chan. "We would expect TSMC's share price to rise if NVDA's guidance were to beat expectations." Investors will closely monitor Nvidia's July revenue guidance, which the market regards as one of the most significant indicators of AI server demand. U.S.-listed shares of Taiwan Semiconductor have rallied 47% this year.

Persons: Morgan Stanley, Charlie Chan, Chan Organizations: Nvidia, Taiwan Semiconductor, Wall, U.S Locations: 2024e

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Dell, Tesla, Disney, Gap, Hewlett Packard & more
▼ + stars: | 2024-05-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley reiterates Tesla as overweight Morgan Stanley made the case in a note to investors that Elon Musk needs Tesla "more than ever before." Citi initiates Ferrovial at buy Citi said it's bullish on shares of the Dutch infrastructure and transportation company. Citi reiterates Dell as buy Citi raised its price target on the stock by 36% to $170 per share from $125. Morgan Stanley reiterates Apple as overweight Morgan Stanley said its checks show accelerating App Store growth ahead of expectations for Apple. Morgan Stanley names Taiwan Semiconductor a catalyst-driven idea Morgan Stanley said TSM is a likely beneficiary of a solid Nvidia earnings report on Wednesday.

Persons: Morgan Stanley, Tesla, Elon, Raymond James, Baird, it's, Evercore, Piper Sandler downgrades Sunnova, Piper, Brinker, Argus, Apple, TSM, NVDA, it's bullish, Lenz, LENZ Organizations: Elon, Caesars Entertainment, Penn, Penn Entertainment, Boyd Gaming Corporation, Inc, PENN Entertainment, JPMorgan, Therapeutics, Citi, Nvidia, Sunnova, Disney, Dell, Barclays, HP, Brinker International Inc, Apple, Taiwan Semiconductor, Gap Citi, GPS, " Bank of America, Lenz Therapeutics, Bank of America, Deutsche Bank, Deutsche, Recovery Software

☆ 14 analysts upgraded this global AI chip stock in the past 2 weeks
▼ + stars: | 2024-05-14 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's been so much love for one global chip stock that as many as 14 analysts upgraded it in the past two weeks. Based on a CNBC Pro FactSet screen, 14 analysts upgraded the stock in the past two weeks, and none downgraded it. Those covering the stock say they are optimistic in light of AI demand, among other factors. This "inefficiency" has been estimated to likely create an additional ~10% in equipment demand over time," Kim added. When it comes to AI, Kim also said that each large language model upgrade cycle requires roughly 100 times more in compute capacity upgrades.

Persons: There's, That's Taiwan's, Phelix Lee, Lee, Dan Kim, Kim, FactSet, TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Nvidia, CNBC, Morningstar, Saturna Locations: U.S, China, Taiwan

☆ An Nvidia partner and more: Morgan Stanley names tech stocks set for a boost from Arm-based PC chips
▼ + stars: | 2024-05-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

The bank therefore expects Arm-based AI PCs to "start a transformation that will affect the global semis industry." Morgan Stanley added it believes that Apple may expand its Arm-based CPU to AI servers as well. The bank estimates that AI PCs will reach a penetration rate of 95% by 2027 — up from 8% in 2024. Stocks What stocks will benefit from Arm's foray into AI PCs? As for TSMC, Morgan Stanley says its foundry market share with the "x86" CPU market will grow.

Persons: Morgan Stanley, That's, TSMC, MediaTek, bode, — CNBC's Michael Bloom Organizations: Microsoft, Intel, AMD, Qualcomm, Apple, Nvidia Locations: British, Taiwan

☆ Intel used to dominate the U.S. chip industry. Now it's struggling to stay relevant
▼ + stars: | 2024-04-26 | by ( Kif Leswing | ) www.cnbc.com time to read: +16 min

David Paul Morris | Getty Images News | Getty ImagesThe iPhone could have had an Intel chip inside. It would've made sense to use Intel chips, which ran on the best desktops at the time, including Apple's Macs. Braithwaite, who worked at Intel in the 1980s, said Intel's process engineers were the company's "crown jewels." Intel doesn't have a GPU competitor to Nvidia's AI accelerators, but it has an AI chip called Gaudi 3. For comparison, AMD expects about $2 billion in annual AI chip revenue.

Persons: Pat Gelsinger, Seth Wenig, Gelsinger, Biden, Nicholas Braithwaite, Akshara Bassi, It's, Steve Jobs, David Paul Morris, Apple, Paul Otellini, Walter Isaacson's, Otellini, Isaacson, Jobs, Apple didn't, Apple —, TSMC, Mikako Kitagawa, Joe Biden, Brendan Smialowski, Braithwaite, Gordon Moore, Moore's, Brian Krzanich, 7nm —, TSMC didn't, Jensen Huang, Josh Edelson, OpenAI, Gaudi, Intel's, it's, Bassi, CNBC's Jon Fortt Organizations: Intel, Taiwan Semiconductor Manufacturing Company, Nvidia, Micro Computer, Qualcomm, Broadcom, Texas Instruments, AMD, Apple, Celesta, Meta, Microsoft, Getty, Samsung, Gartner, Asus, AFP, Semiconductor, Engineers, SAP Center, Afp, Companies, Blackwell, Habana Labs, Gaudi, FactSet, U.S Locations: New York, American, U.S, Chandler , Arizona, California, San Jose , California, Taiwan, Columbus , Ohio

☆ TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips
▼ + stars: | 2024-04-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025. Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

Persons: —, TSMC, Biden, Joe Biden, — TSMC, Dylan Patel, SemiAnalysis, that's, Morris Chang, C.C, Wei Organizations: Service, Taiwan Semiconductor Manufacturing Company, Business, Biden, Financial Times Locations: Taiwan, Arizona, Phoenix, Japan, Germany

☆ The world's largest chipmaker just issued a warning that the industry's red-hot growth could slow
▼ + stars: | 2024-04-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

TSMC sees growth in the microchip industry slowing to 10%, it said in a post-earnings call. The dimmed outlook comes on slowdown expectations for automotive chips. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The update was offered during the firm's post-earnings call with analysts, and is premised on TSMC's shifting stance on automotive chips, used in vehicles. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Service, Taiwan Semiconductor Manufacturing, Business

☆ TSMC beats first-quarter revenue and profit expectations on strong AI chip demand
▼ + stars: | 2024-04-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the first quarter, thanks to continued strong demand for advanced chips, particularly those used in AI applications. The firm guided first-quarter revenue to be between $18 billion and $18.8 billion. The continued demand for advanced chips, particularly those used in AI applications, is a positive sign for both the short and long term. "TSMC's net profit margin continues to be one of the highest in the company's history at 40%, against an industry average of 14%, demonstrating TSMC's strong competitive position.

Persons: Amber Wang, Brady Wang, TSMC, Grzegorz Drozdz Organizations: Taiwan Semiconductor Manufacturing Company, Center, Nvidia, Apple, Counterpoint Research, Research, Samsung Foundry Locations: Hsinchu, AFP, Taiwan, U.S, Arizona

☆ Microchip giant TSMC strikes $11.6 billion deal with Biden to boost production in Arizona
▼ + stars: | 2024-04-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Taiwan Semiconductor is set to receive almost $12 billion in grants and loans from the US government. The Biden administration is eager to onshore production and rely less on China as tensions mount. AdvertisementThe White House is giving the world's largest chipmaker government grants and loans worth almost $12 billion to expand production in Arizona. The agreement with Taiwan Semiconductor Manufacturing Co. (TSMC) announced an initial deal in a press release on Monday. TSMC generated about $67 billion in revenue last year and and $26 billion of net income.

Persons: Biden, —, They've, Warren Buffett's Berkshire Hathaway, Buffett Organizations: Taiwan Semiconductor, Service, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, Rivals, Intel, Samsung, Technology Locations: Taiwan, Phoenix , Arizona, China, Arizona, TSMC

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