When the Taiwanese stock market closed on Thursday, TSMC shares almost %increased by 10; While responding to the positive earnings announcement, it also reflected broader market rises.
The semiconductor company's revenue in the first three months of the year compared to the same period of 2024 %NT 839.25 billion with an increase of 41.6 $ (€23.1 billion) was recorded.
TSMC’ is scheduled to announce all of its first-quarter earnings next week.
Asian markets, like Wall Street and Europe ’, have made big gains after President Donald Trump ’ announced a 90-day break from ’-mutual ‘ trade tariffs for some countries, including Taiwan’.
Taiwan, home of the world's largest contract chip maker, spent several hours before the White House quickly changed direction. ’ was subject to a tariff. While the White House continues to impose a baseline tariff of 10’ percent lower in most countries, it is also negotiating new taxes with about 75 countries.
Chipmakers have so far been exempt from tariffs, but TSMC may be subject to further taxation unless it expands its investments in ABD’.
Taiwan Semiconductor Manufacturing Company produces chips used in Apple’'s iPhone’s and Nvidia’'s artificial intelligence hardware.
Trump had previously said that Taiwan ’ had taken away the U.S. ’'s chip business and wanted it back.
In March, TSMC announced that it would invest $100 billion (€90.6 billion) in the country to build three sawdust foundries, an R&D center and two packaging plants in Arizona’. This comes on top of a commitment to invest $65 billion (58.9 billion euros) in three sawdust foundries in the province, one of which is operational. This will represent the largest foreign direct investment in U.S. history.
At the time, the US president said investments would mean “ thousands of jobs and high-paying jobs.
But on Tuesday, the US president said he would impose a tax of up to 100 percent on the chip giant if it does not establish facilities in the country.
TSMC declined to comment on the president's remarks.
