TSMC Forecasts Higher Q1 Profit on Robust Chip Demand, Eyes Bigger US Expansion for AI Chips

Taiwan Semiconductor Manufacturing Co (TSM) expects to report a 5% rise in first-quarter profit to $6.71 billion, backed by robust demand
The AI boom helped TSM battle lower pandemic demand and reach record highs
TSM boosted its total US investment to over $65 billion, including a $6.6 billion federal grant, to produce advanced chips
Analysts credit US subsidies for helping TSM maintain its competitive edge over rivals like Intel and Samsung
TSM aims for AI demand to account for high teens of its revenue by 2025 as it builds a third chip fab in Arizona