TSMC hits record profits amid AI boom, but warns of Iran war risks. C. C. Wei, TSMC CEO, drives chip giant’s surge.
Japanese Prime Minister Sanae Takaichi's sweeping election victory has led to a surge in markets and a push for a ¥21 trillion stimulus package, despite concerns over Japan's high debt and funding uncertainties. The government aims to suspend the 8% food sales tax temporarily, with plans to support domestic chipmaking and economic growth.
TSMC has announced a record quarterly net profit of 572.5 billion Taiwan dollars ($18.1 billion), driven by strong AI demand. The company is expanding its manufacturing capacity in Taiwan, the US, and Japan, focusing on advanced 3-nanometer chips. It warns of potential impacts from the Iran war but remains optimistic about future growth.