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Benzinga
Benzinga
Business
Shanthi Rexaline

Apple, Nvidia Chip Supplier TSMC's Shares Spike On Upbeat Q1 Earnings

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) reported forecast-beating, record first-quarter results, citing strong demand trends in the high-performance computing and automotive segments. The company guided to in-line second-quarter revenues and further margin expansion.

The stellar performance comes despite the supply chain challenges and input cost inflationary environment.

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