TSMC posts 17.5% April growth, AI demand may spur rebound
NewsBytes | May 8, 2026 5:40 PM CST
TSMC expects up to $56B spending
Even with the AI boom, TSMC is feeling the pinch from weaker smartphone and gadget sales as high memory chip prices and global uncertainty drag things down.
Still, TSMC sounds pretty upbeat: It has raised its yearly sales outlook and expects to spend up to $56 billion this year to keep up with all the new AI opportunities.
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