TSMC raised revenue forecasts for the year after beating estimates, signalling continued strength in AI-driven market.
TSMC
Trump's comments dropped TSMC's stock but boosted its competitors, while TSMC's earnings are expected to rise.
Analysts expect TSMC's profit to rise 30% year-on-year to $7.25 billion in the second quarter due to surging demand for AI chips.
TSMC is expected to report a 30% increase in second-quarter profits to $7.25 billion, driven by heightened AI demand.
TSMC expected to raise full-year sales forecasts amid AI boom. Analysts predict a 29% increase in second-quarter net income.
The United States plans to provide TSMC with $6.6 billion in grants and nearly $5 billion in loans to help it build a plant in Arizona.
Intel disclosed on Tuesday that operating losses in its foundry business have worsened, a blow to the chipmaker.
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