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Benzinga
Benzinga
Business
Chandrima Sanyal

Nvidia-Supplier TSMC Crushes It, Yet Chip ETFs Face A Tariff Storm

TSMC. Photo by Sundry Photography on Shutterstock

At first glance, the numbers shout “boom.” Contract chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:TSMC) just reported record-breaking Q2 results. Profit jumped 61% year-over-year and revenue surpassed expectations.

Only a day prior, chipmaking equipment behemoth ASML Holding N.V. also beat top- and bottom-line estimates, riding on robust bookings.

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