TSMC January revenue rises 37% on AI chip demand

Taiwan Semiconductor Manufacturing TSM shares rose about 2.5% early Tuesday after the company reported another month of strong revenue. TSMC said its revenue for January reached roughly NT$401.6 billion ($12.73 billion), up 20% from the previous quarter and 37% from the same month last year. The gain exceeded the company's earlier guidance for roughly 30% full-year growth, signaling sustained demand in semiconductors. The company continues to invest heavily to meet rising needs for artificial-intelligence chips. TSMC plans to spend up to $56 billion on capital expenditures this year, a 30% increase from 2025, with elevated investment expected over the next three years. TSMC could benefit from a potential tariff carve-out for U.S. technology companies, the Financial Times reported, citing sources. The exemptions would follow TSMC's pledge to invest about $165 billion in U.S. manufacturing and could shield American customers from planned semiconductor tariffs. https://www.tradingview.com/news/gurufocus:fb4f14cc3094b:0-tsmc-shares-rise-as-sales-jumps-37-on-strong-chip-demand/