Taiwan Semiconductor Manufacturing Co. will remain prudent about spending this year while expanding globally to meet surging AI chip demand, as the chipmaker grapples with growing macroeconomic and foreign exchange volatility.

Taiwan Semiconductor Manufacturing Company (NYSE: TSM) is the market leader in the foundry industry, with a 67.6% revenue market share. Most importantly, the company holds over 90% of the market share in the manufacturing of AI chips.

TSMC is working to build two plants in Arizona faster, a move that could bring more Apple chip production to Arizona quicker — but don't expect the newest chips.

Taiwan Semiconductor Manufacturing Co. will speed up volume production at its second and third chip fabs in north Phoenix to keep up with AI-related demand from customers.

TSMC beats Q2 estimates with strong revenue growth and margin expansion, fueled by soaring AI chip demand. Click for my updated look at TSM stock post earnings.

Here at The Next Platform, the quarterly earnings season starts with Taiwan Semiconductor Manufacturing Co. And that is fitting given the utter dependence

U.S. stock index futures barely budged on Thursday, as results from Taiwan's TSMC failed to shake investors from their cautious mood following a rollercoaster session marked by concerns about the Federal Reserve's independence.

Taiwan Semiconductor Manufacturing Co. reported a better-than-expected 61% jump in profit for the June quarter, bolstering confidence in the momentum of the global AI spending spree.