Taiwan Semiconductor Manufacturing Company (TSMC) had good results in the first quarter. They made more money than expected, thanks to the demand for AI chips. Their net income went up by 60%. The revenue also increased by 41%. This was because of the high-performance computing division, which includes AI and 5G. These technologies make the chips faster and more efficient. The CEO of TSMC said that they expect to do well in the next quarter too. However, there might be some problems with tariffs from the U.S. government. They could affect the business, but TSMC is still hopeful. They plan to keep growing and investing in new facilities. TSMC is a big company that makes chips for companies like Nvidia and AMD. Shares of TSMC went down a little bit, but they are still doing okay.
Vocabulary List:
- revenue /ˈrɛvənjuː/ (noun): The income generated from normal business operations.
- net income /nɛt ˈɪn.kʌm/ (noun): The total profit of a company after all expenses and taxes have been deducted.
- division /dɪˈvɪʒ.ən/ (noun): A separate part of a larger organization especially one that has particular responsibilities.
- efficient /ɪˈfɪʃ.ənt/ (adjective): Performing or functioning in the best possible way with the least waste of time and effort.
- tariffs /ˈtærɪfs/ (noun): Taxes imposed by a government on imported goods.
- impact /ˈɪm.pækt/ (noun): The effect or influence of one person thing or action on another.
