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TSMC Tops Q1 Forecasts, Projects Steady Sales Amid High Demand for Advanced Chip Processes

TSMC, the industry leader in semiconductor foundry services, reported its first-quarter financial results for 2024, with sales reaching $18.87 billion—marginally surpassing the top end of its guidance range of $18.0 to $18.8 billion. This performance indicates robust demand, particularly for high-end manufacturing processes, despite some market observers suggesting potential for even greater results.

For Q2 2024, TSMC anticipates sales to remain steady, projecting figures between $18.0 and $18.8 billion again. A significant portion of the company's revenue, over 80%, is generated from sales to the smartphone and high-performance computing (HPC. . .

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