arstechnica.com
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TSMC reported strong quarterly results, with net income rising 35% to $16 billion and revenue hitting $33.7 billion. The company plans capital expenditures between $52 billion and $56 billion this year, anticipating nearly 30% revenue growth in 2026. CEO C.C. Wei dismissed concerns of an AI bubble, citing verified demand from cloud providers who confirmed the technology drives business value. In response to a new U.S.-Taiwan trade agreement, TSMC is accelerating its expansion of Arizona chip fabrication facilities. The deal reduces tariffs on Taiwanese goods to 15% and includes $250 billion in Taiwanese investment commitments in the U.S. market.
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