As a seasoned gamer and tech enthusiast, I’ve witnessed the rollercoaster ride that is the semiconductor industry. With Taiwan Semiconductor Company (TSM) reporting its Q2 2024 earnings results, I couldn’t help but feel a sense of excitement and anticipation.
In the second quarter of 2024, Taiwan Semiconductor Manufacturing Company announced earnings that surpassed anticipated profits and revenues.
On July 18, 2024, Taiwan Semiconductor Company (TSM) announced its second quarter 2024 earnings. The financial results revealed that the company generated revenue of approximately $20.82 billion USD, equivalent to NTD 673.51 billion, surpassing the anticipated NTD 657.58 billion. Furthermore, TSM reported a net income of around $247.85 billion NTD, exceeding the projected amount by $9.05 billion NTD.
Despite the global decline in chip stock and controversial remarks made by Donald Trump during an interview with Bloomberg Businessweek, we have managed to achieve this remarkable outcome. According to CNBC’s reports, Trump suggested that Taiwan should pay the US for its defense and criticized the country for taking “nearly all” of America’s semiconductor business.
As a passionate follower of the semiconductor world, I must admit that not every moment has been filled with success. Most recently, ARM underperformed analyst predictions by issuing guidance that fell short, leaving some investors feeling disappointed. Meanwhile, Intel’s stock took a hit after the revelation of a staggering $7 billion operating loss. Keep an eye on our Semiconductor page for the latest updates and insights into this vital sector of technology.
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2024-07-18 10:43